Ellevest Inc. boosted its position in GATX Co. (NYSE:GATX – Get Rating) by 114.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506 shares of the transportation company’s stock after buying an additional 270 shares during the quarter. Ellevest Inc.’s holdings in GATX were worth $54,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in GATX. TCI Wealth Advisors Inc. grew its position in shares of GATX by 76.2% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 569 shares of the transportation company’s stock valued at $48,000 after buying an additional 246 shares during the last quarter. Cutler Group LLC CA bought a new stake in shares of GATX during the 3rd quarter valued at about $50,000. Rockefeller Capital Management L.P. grew its position in shares of GATX by 124.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 733 shares of the transportation company’s stock valued at $62,000 after buying an additional 407 shares during the last quarter. Bessemer Group Inc. grew its position in shares of GATX by 489.1% during the 3rd quarter. Bessemer Group Inc. now owns 760 shares of the transportation company’s stock valued at $65,000 after buying an additional 631 shares during the last quarter. Finally, Wipfli Financial Advisors LLC bought a new stake in shares of GATX during the 3rd quarter valued at about $102,000. Institutional investors and hedge funds own 99.10% of the company’s stock.
Insider Activity at GATX
In related news, SVP Jeffery R. Young sold 216 shares of the company’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $117.10, for a total value of $25,293.60. Following the completion of the sale, the senior vice president now owns 6,871 shares in the company, valued at approximately $804,594.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other GATX news, SVP Jeffery R. Young sold 216 shares of the stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $117.10, for a total value of $25,293.60. Following the completion of the sale, the senior vice president now owns 6,871 shares in the company, valued at approximately $804,594.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas A. Ellman sold 18,900 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $115.98, for a total transaction of $2,192,022.00. Following the completion of the sale, the chief financial officer now owns 35,361 shares of the company’s stock, valued at approximately $4,101,168.78. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.
GATX Stock Up 1.3 %
GATX (NYSE:GATX – Get Rating) last released its earnings results on Tuesday, January 24th. The transportation company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.38 by $0.16. The business had revenue of $322.70 million during the quarter, compared to analyst estimates of $327.63 million. GATX had a net margin of 12.16% and a return on equity of 10.53%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.69 earnings per share. Equities research analysts forecast that GATX Co. will post 6.71 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GATX. StockNews.com raised shares of GATX from a “hold” rating to a “buy” rating in a research report on Wednesday. Susquehanna upped their target price on shares of GATX from $115.00 to $118.00 in a research report on Wednesday. Sidoti assumed coverage on shares of GATX in a research report on Tuesday, March 14th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company upped their target price on shares of GATX from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.33.
About GATX
GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services.
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