ProShare Advisors LLC Sells 2,999 Shares of GATX Corporation $GATX

ProShare Advisors LLC cut its position in GATX Corporation (NYSE:GATX) by 6.3% in the third quarter, HoldingsChannel.com reports. The firm owned 44,747 shares of the transportation company’s stock after selling 2,999 shares during the quarter. ProShare Advisors LLC’s holdings in GATX were worth $7,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in GATX in the 2nd quarter worth $58,621,000. Squarepoint Ops LLC lifted its position in shares of GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock valued at $28,844,000 after acquiring an additional 152,361 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of GATX in the second quarter valued at about $23,025,000. Walleye Capital LLC bought a new position in shares of GATX in the second quarter worth about $14,276,000. Finally, Marshall Wace LLP grew its position in shares of GATX by 205.4% during the second quarter. Marshall Wace LLP now owns 128,192 shares of the transportation company’s stock worth $19,685,000 after purchasing an additional 86,215 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Down 0.3%

Shares of GATX opened at $189.08 on Thursday. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.09 and a beta of 1.19. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $191.75. The business’s 50 day simple moving average is $176.56 and its 200-day simple moving average is $167.92.

Insider Transactions at GATX

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total transaction of $295,470.00. Following the completion of the transaction, the senior vice president owned 5,912 shares in the company, valued at $970,454.80. This trade represents a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on GATX. Citigroup boosted their price target on GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $204.00 target price on shares of GATX in a report on Wednesday, January 14th. Susquehanna upped their target price on shares of GATX from $192.00 to $212.00 and gave the stock a “positive” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $204.67.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.