Allianz Asset Management GmbH Purchases 17,836 Shares of GATX Corporation $GATX

Allianz Asset Management GmbH increased its holdings in shares of GATX Corporation (NYSE:GATX) by 236.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,370 shares of the transportation company’s stock after acquiring an additional 17,836 shares during the period. Allianz Asset Management GmbH owned about 0.07% of GATX worth $4,435,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GATX. Charter Capital Management LLC DE bought a new position in shares of GATX in the third quarter valued at about $515,000. Edgestream Partners L.P. bought a new stake in GATX during the 2nd quarter worth about $2,244,000. JPMorgan Chase & Co. increased its position in GATX by 5.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 181,659 shares of the transportation company’s stock valued at $27,896,000 after acquiring an additional 9,667 shares in the last quarter. Rhumbline Advisers raised its stake in shares of GATX by 3.1% in the second quarter. Rhumbline Advisers now owns 120,642 shares of the transportation company’s stock worth $18,526,000 after acquiring an additional 3,589 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of GATX by 179.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,591 shares of the transportation company’s stock worth $2,701,000 after acquiring an additional 11,290 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

Insider Activity

In other news, SVP Aken Jennifer Van sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $164.15, for a total value of $295,470.00. Following the completion of the transaction, the senior vice president owned 5,912 shares of the company’s stock, valued at $970,454.80. The trade was a 23.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

GATX has been the topic of several research analyst reports. Susquehanna increased their price target on shares of GATX from $192.00 to $212.00 and gave the company a “positive” rating in a research note on Monday, January 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $204.00 price objective on shares of GATX in a report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Finally, Citigroup boosted their target price on GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $204.67.

GATX Stock Performance

Shares of NYSE:GATX opened at $189.47 on Wednesday. The firm’s 50 day simple moving average is $176.09 and its 200 day simple moving average is $167.77. GATX Corporation has a fifty-two week low of $139.44 and a fifty-two week high of $191.44. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 22.13 and a beta of 1.19. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81.

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.