Oppenheimer Asset Management Inc. Cuts Stake in GATX Corporation $GATX

Oppenheimer Asset Management Inc. decreased its holdings in GATX Corporation (NYSE:GATX) by 2.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,433 shares of the transportation company’s stock after selling 814 shares during the period. Oppenheimer Asset Management Inc.’s holdings in GATX were worth $5,288,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GATX. GAMMA Investing LLC boosted its stake in shares of GATX by 337.8% in the 1st quarter. GAMMA Investing LLC now owns 2,294 shares of the transportation company’s stock valued at $356,000 after purchasing an additional 1,770 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in GATX by 3.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company’s stock valued at $521,000 after buying an additional 126 shares during the period. Janney Montgomery Scott LLC boosted its position in GATX by 6.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company’s stock valued at $392,000 after buying an additional 146 shares during the period. Allspring Global Investments Holdings LLC boosted its position in GATX by 10.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 44,374 shares of the transportation company’s stock valued at $6,939,000 after buying an additional 4,343 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in GATX by 29.4% during the 1st quarter. Teacher Retirement System of Texas now owns 8,796 shares of the transportation company’s stock valued at $1,366,000 after buying an additional 1,997 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Trading Down 1.8%

NYSE:GATX opened at $158.33 on Tuesday. The company has a 50-day moving average price of $169.72 and a 200-day moving average price of $158.16. GATX Corporation has a 12 month low of $137.05 and a 12 month high of $178.26. The company has a current ratio of 3.81, a quick ratio of 2.93 and a debt-to-equity ratio of 3.26. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 18.50 and a beta of 1.18.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.22). GATX had a return on equity of 11.62% and a net margin of 18.35%.The company had revenue of $439.30 million during the quarter, compared to analysts’ expectations of $435.21 million. During the same period in the prior year, the business posted $2.43 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Equities analysts predict that GATX Corporation will post 8.5 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GATX shares. Citigroup started coverage on shares of GATX in a research report on Monday, September 22nd. They set a “buy” rating and a $201.00 price target for the company. Susquehanna increased their price target on shares of GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $184.00.

Insider Buying and Selling at GATX

In related news, Director Anne L. Arvia sold 979 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares in the company, valued at $5,469,281.95. This trade represents a 2.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Hillesland sold 2,200 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $152.59, for a total transaction of $335,698.00. Following the completion of the transaction, the senior vice president owned 7,606 shares of the company’s stock, valued at approximately $1,160,599.54. The trade was a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,914 shares of company stock valued at $2,953,509 in the last quarter. 2.17% of the stock is owned by insiders.

About GATX

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.