Oliver Luxxe Assets LLC Takes $2.23 Million Position in GATX Corporation $GATX

Key Points

• Oliver Luxxe Assets LLC purchased 14,519 shares of GATX Corporation, valued at approximately $2.23 million, indicating growing institutional interest in the transportation company.
• GATX reported an EPS of $2.06 for the most recent quarter, exceeding analysts' expectations, and set FY 2025 guidance at an EPS of 8.500-8.900.
• The company declared a quarterly dividend of $0.61 per share, representing a yield of 1.4%, with a payout ratio of 27.92%.

Oliver Luxxe Assets LLC purchased a new stake in GATX Corporation (NYSE:GATX - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,519 shares of the transportation company's stock, valued at approximately $2,230,000.

Several other institutional investors have also modified their holdings of the company. CWM LLC boosted its holdings in shares of GATX by 12.7% in the 1st quarter. CWM LLC now owns 621 shares of the transportation company's stock valued at $96,000 after buying an additional 70 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of GATX by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock valued at $644,000 after purchasing an additional 95 shares in the last quarter. State of Michigan Retirement System increased its holdings in GATX by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company's stock valued at $1,322,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of GATX by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company's stock worth $1,553,000 after purchasing an additional 100 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in shares of GATX by 6.6% in the first quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company's stock worth $272,000 after acquiring an additional 109 shares during the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Anne L. Arvia sold 979 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares in the company, valued at approximately $5,469,281.95. The trade was a 2.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert C. Lyons sold 12,635 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total value of $2,101,579.55. Following the transaction, the chief executive officer owned 50,575 shares of the company's stock, valued at $8,412,139.75. The trade was a 19.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,914 shares of company stock valued at $2,953,509 over the last 90 days. 2.17% of the stock is owned by corporate insiders.

GATX Stock Performance

Shares of GATX traded up $4.34 during mid-day trading on Monday, hitting $176.41. The company's stock had a trading volume of 327,793 shares, compared to its average volume of 200,070. GATX Corporation has a one year low of $127.69 and a one year high of $177.71. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market capitalization of $6.28 billion, a PE ratio of 20.18 and a beta of 1.18. The stock's 50-day moving average is $160.87 and its two-hundred day moving average is $154.80.

GATX (NYSE:GATX - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.11. GATX had a return on equity of 12.52% and a net margin of 19.13%.The firm had revenue of $430.50 million during the quarter, compared to analyst estimates of $425.52 million. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, sell-side analysts anticipate that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, September 15th. GATX's payout ratio is presently 27.92%.

Wall Street Analyst Weigh In

GATX has been the topic of a number of analyst reports. Citigroup started coverage on shares of GATX in a research note on Monday. They set a "buy" rating and a $201.00 price objective on the stock. Susquehanna set a $190.00 price objective on shares of GATX and gave the stock a "positive" rating in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $183.50.

GATX Company 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.