Before we spend many hours researching a company, we'd like to analyze what insiders, hedge funds and billionaire investors think of the stock first. We would like to do so because the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors and hedge funds think of GATX Corporation (NYSE:GATX).

Is GATX Corporation (NYSE:GATX) going to take off soon? Prominent investors are in an optimistic mood. The number of bullish hedge fund positions rose by 1 lately. Our calculations also showed that GATX isn't among the 30 most popular stocks among hedge funds.

In the eyes of most market participants, hedge funds are perceived as underperforming, outdated financial vehicles of the past. While there are over 8,000 funds trading at the moment, We look at the top tier of this group, approximately 700 funds. These investment experts control bulk of the smart money's total capital, and by watching their matchless stock picks, Insider Monkey has figured out various investment strategies that have historically outpaced the broader indices. Insider Monkey's flagship hedge fund strategy exceeded the S&P 500 index by 6 percentage points annually since its inception in May 2014 through early November 2018. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 24% since February 2017 (through December 3rd) even though the market was up nearly 23% during the same period. We just shared a list of 11 short targets in our latest quarterly update.

We're going to take a look at the fresh hedge fund action surrounding GATX Corporation (NYSE:GATX).

How have hedgies been trading GATX Corporation (NYSE:GATX)?

Heading into the fourth quarter of 2018, a total of 11 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 10% from the second quarter of 2018. By comparison, 14 hedge funds held shares or bullish call options in GATX heading into this year. With hedge funds' capital changing hands, there exists an "upper tier" of noteworthy hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).

Among these funds, GAMCO Investors held the most valuable stake in GATX Corporation (NYSE:GATX), which was worth $207.4 million at the end of the third quarter. On the second spot was AQR Capital Management which amassed $37.6 million worth of shares. Moreover, Citadel Investment Group, Scopus Asset Management, and D E Shaw were also bullish on GATX Corporation (NYSE:GATX), allocating a large percentage of their portfolios to this stock.