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

ProShare Advisors LLC trimmed its position in shares of GATX Corporation (NYSE:GATX) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 44,747 shares of the transportation company’s stock after selling 2,999 shares during the quarter. ProShare Advisors LLC owned about 0.13% of GATX worth $7,822,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GATX. Linden Thomas Advisory Services LLC grew its holdings in shares of GATX by 2.7% during the third quarter. Linden Thomas Advisory Services LLC now owns 6,056 shares of the transportation company’s stock valued at $1,059,000 after buying an additional 159 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in GATX by 3.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,778 shares of the transportation company’s stock valued at $6,254,000 after acquiring an additional 1,345 shares in the last quarter. Candriam S.C.A. purchased a new stake in GATX during the 3rd quarter valued at $203,000. Smartleaf Asset Management LLC increased its holdings in shares of GATX by 257.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 307 shares of the transportation company’s stock worth $54,000 after purchasing an additional 221 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of GATX by 177.0% in the third quarter. Hantz Financial Services Inc. now owns 518 shares of the transportation company’s stock worth $91,000 after purchasing an additional 331 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at GATX

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the sale, the senior vice president owned 5,912 shares in the company, valued at $970,454.80. This represents a 23.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.17% of the company’s stock.

Analyst Upgrades and Downgrades

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

GATX Stock Down 0.3%

GATX opened at $189.08 on Thursday. The firm’s 50 day simple moving average is $176.56 and its two-hundred day simple moving average is $167.92. The company has a market capitalization of $6.75 billion, a PE 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 company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 3.26.

GATX Company Profile

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.