Creative Planning Purchases 218 Shares of GATX Co. (NYSE:GATX)

Creative Planning lifted its position in shares of GATX Co. (NYSE:GATX) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,076 shares of the transportation company’s stock after buying an additional 218 shares during the quarter. Creative Planning owned about 0.08% of GATX worth $3,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of GATX by 78.5% in the 1st quarter. BNP Paribas Financial Markets now owns 19,186 shares of the transportation company’s stock worth $2,572,000 after acquiring an additional 8,435 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in GATX by 89.2% in the second quarter. Kingswood Wealth Advisors LLC now owns 8,273 shares of the transportation company’s stock valued at $1,095,000 after buying an additional 3,900 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of GATX by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 347,451 shares of the transportation company’s stock worth $45,989,000 after buying an additional 20,985 shares in the last quarter. American Century Companies Inc. grew its position in shares of GATX by 16.9% during the 2nd quarter. American Century Companies Inc. now owns 831,625 shares of the transportation company’s stock worth $110,074,000 after buying an additional 120,149 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of GATX in the 1st quarter valued at $1,747,000. Institutional investors own 93.14% of the company’s stock.

Insider Activity at GATX

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were purchased at an average cost of $133.65 per share, with a total value of $1,200,711.60. Following the acquisition, the insider now directly owns 3,312,294 shares of the company’s stock, valued at $442,688,093.10. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Susquehanna raised their price target on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

GATX Price Performance

Shares of GATX opened at $137.80 on Friday. The business’s fifty day moving average is $135.94 and its 200 day moving average is $134.72. GATX Co. has a 12-month low of $101.31 and a 12-month high of $151.33. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 3.52. The stock has a market cap of $4.91 billion, a P/E ratio of 19.63 and a beta of 0.95.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.96 by $0.54. The company had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. Sell-side analysts anticipate that GATX Co. will post 7.5 earnings per share for the current fiscal year.

GATX 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.