GATX Corporation $GATX Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in shares of GATX Corporation (NYSE:GATX) by 13.0% in the second quarter, Holdings Channel reports. The firm owned 1,991 shares of the transportation company’s stock after selling 298 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in GATX were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC increased its position in shares of GATX by 12.7% during the 1st quarter. CWM LLC now owns 621 shares of the transportation company’s stock worth $96,000 after purchasing an additional 70 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in GATX by 2.3% during the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company’s stock valued at $644,000 after acquiring an additional 95 shares during the period. State of Michigan Retirement System boosted its holdings in GATX by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company’s stock valued at $1,322,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its holdings in GATX by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company’s stock valued at $1,553,000 after acquiring an additional 100 shares during the period. Finally, Rehmann Capital Advisory Group boosted its holdings in GATX by 6.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company’s stock valued at $272,000 after acquiring an additional 109 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

GATX Stock Performance

Shares of GATX opened at $161.79 on Friday. The stock has a 50-day simple moving average of $169.62 and a 200-day simple moving average of $157.77. The company has a debt-to-equity ratio of 3.26, a quick ratio of 2.93 and a current ratio of 3.81. The stock has a market capitalization of $5.76 billion, a PE ratio of 18.90 and a beta of 1.18. GATX Corporation has a 1 year low of $137.05 and a 1 year high of $178.26.

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

Insider Buying and Selling

In other news, Director Anne L. Arvia sold 979 shares of GATX stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the transaction, the director owned 33,077 shares in the company, valued at approximately $5,469,281.95. This trade represents a 2.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Geoffrey Phillips sold 2,100 shares of GATX stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the completion of the transaction, the vice president owned 6,740 shares of the company’s stock, valued at $1,137,307.60. The trade was a 23.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,914 shares of company stock worth $2,953,509. 2.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GATX has been the subject of a number of research analyst reports. Susquehanna raised their target price on GATX from $190.00 to $192.00 and gave the company a “positive” rating in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Finally, Citigroup initiated coverage on GATX in a report on Monday, September 22nd. They set a “buy” rating and a $201.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.00.

GATX Company Profile

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.