Envestnet Portfolio Solutions Inc. Cuts Stock Position in GATX Corporation $GATX

Envestnet Portfolio Solutions Inc. cut its holdings in GATX Corporation (NYSE:GATX) by 13.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,991 shares of the transportation company’s stock after selling 298 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in GATX were worth $306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC raised its stake in 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 during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in GATX by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,356 shares of the transportation company’s stock valued at $521,000 after purchasing an additional 126 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in GATX by 6.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,523 shares of the transportation company’s stock valued at $392,000 after purchasing an additional 146 shares during the last quarter. State of Alaska Department of Revenue raised its stake in GATX by 2.3% in 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 purchasing an additional 95 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in GATX by 10.8% in 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 purchasing an additional 4,343 shares during the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

GATX Stock Down 1.8%

Shares of GATX opened at $161.79 on Friday. GATX Corporation has a 52-week low of $137.05 and a 52-week high of $178.26. The company has a market capitalization of $5.76 billion, a PE ratio of 18.90 and a beta of 1.18. The stock has a fifty day simple moving average of $169.62 and a two-hundred day simple moving average of $157.77. The company has a quick ratio of 2.93, a current ratio of 3.81 and a debt-to-equity ratio of 3.26.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $435.21 million. During the same period last year, the business earned $2.43 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

Analyst Upgrades and Downgrades

GATX has been the subject of several recent research reports. Susquehanna increased their price objective on GATX from $190.00 to $192.00 and gave the company a “positive” rating in a research note on Wednesday. Citigroup initiated coverage on GATX in a research note on Monday, September 22nd. They issued a “buy” rating and a $201.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, GATX has an average rating of “Moderate Buy” and a consensus price target of $184.00.

Insider Buying and Selling

In related news, Director Anne L. Arvia sold 979 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the sale, the director directly owned 33,077 shares of the company’s stock, valued at approximately $5,469,281.95. This trade represents a 2.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total value of $2,101,579.55. Following the sale, the chief executive officer directly owned 50,575 shares of the company’s stock, valued at $8,412,139.75. The trade was a 19.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,914 shares of company stock valued at $2,953,509 over the last 90 days. Insiders own 2.17% of the company’s stock.

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.