Oppenheimer Asset Management Inc. Sells 814 Shares of GATX Corporation $GATX

Oppenheimer Asset Management Inc. lowered its holdings in GATX Corporation (NYSE:GATX) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,433 shares of the transportation company’s stock after selling 814 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.10% of GATX worth $5,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. raised its position in shares of GATX by 52.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 434,415 shares of the transportation company’s stock valued at $66,709,000 after purchasing an additional 149,950 shares during the period. Natixis Advisors LLC raised its position in shares of GATX by 10.2% in the first quarter. Natixis Advisors LLC now owns 198,255 shares of the transportation company’s stock valued at $30,784,000 after purchasing an additional 18,363 shares during the period. New York State Common Retirement Fund raised its position in shares of GATX by 1.6% in the first quarter. New York State Common Retirement Fund now owns 186,676 shares of the transportation company’s stock valued at $28,985,000 after purchasing an additional 2,954 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of GATX by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock valued at $18,141,000 after purchasing an additional 1,968 shares during the period. Finally, Nuveen LLC bought a new stake in shares of GATX in the first quarter valued at approximately $15,395,000. Institutional investors own 93.14% of the company’s stock.

Insider Activity at GATX

In other news, VP Geoffrey Phillips sold 2,100 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $168.74, for a total value of $354,354.00. Following the transaction, the vice president owned 6,740 shares of the company’s stock, valued at $1,137,307.60. This represents a 23.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anne L. Arvia sold 979 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were 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 $5,469,281.95. This trade represents a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,914 shares of company stock worth $2,953,509 over the last quarter. 2.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GATX has been the topic of several research reports. Citigroup initiated coverage on shares of GATX in a research report on Monday, September 22nd. They issued a “buy” rating and a $201.00 price target on the stock. Susquehanna upped their target price on shares of GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GATX in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.00.

GATX Price Performance

Shares of NYSE:GATX opened at $158.33 on Tuesday. The company’s fifty day moving average price is $169.72 and its 200-day moving average price is $158.16. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 18.50 and a beta of 1.18. GATX Corporation has a one year low of $137.05 and a one year high of $178.26. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 2.93.

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

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.