14,519 Shares in GATX Corporation $GATX Purchased by Oliver Luxxe Assets LLC

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 acquired a new position in GATX Corporation (NYSE:GATX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,519 shares of the transportation company's stock, valued at approximately $2,230,000.

A number of other large investors have also made changes to their positions in GATX. GAMMA Investing LLC grew its stake in shares of GATX by 67,875.0% during the 1st quarter. GAMMA Investing LLC now owns 356,189 shares of the transportation company's stock valued at $55,305,000 after purchasing an additional 355,665 shares during the period. Nuveen LLC bought a new position in shares of GATX during the 1st quarter valued at approximately $15,395,000. Jane Street Group LLC grew its stake in shares of GATX by 280.6% during the 1st quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company's stock valued at $8,336,000 after acquiring an additional 39,582 shares during the period. Dark Forest Capital Management LP bought a new position in shares of GATX during the 1st quarter valued at approximately $5,544,000. Finally, Voloridge Investment Management LLC grew its stake in shares of GATX by 77.0% during the 4th quarter. Voloridge Investment Management LLC now owns 62,837 shares of the transportation company's stock valued at $9,737,000 after acquiring an additional 27,342 shares during the period. 93.14% of the stock is currently owned by institutional investors.

GATX Stock Performance

Shares of GATX stock opened at $172.01 on Monday. The firm has a market cap of $6.12 billion, a P/E ratio of 19.68 and a beta of 1.18. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 3.27. GATX Corporation has a 12 month low of $127.69 and a 12 month high of $174.64. The stock's fifty day moving average price is $160.53 and its 200-day moving average price is $154.65.

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

GATX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GATX shares. Susquehanna set a $190.00 price objective on GATX and gave the company a "positive" rating in a research note on Monday, August 18th. Citigroup initiated coverage on GATX in a research report on Monday. They set a "buy" rating for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, GATX presently has an average rating of "Moderate Buy" and an average price target of $177.67.

Insider Transactions at GATX

In other GATX news, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the transaction, the senior vice president owned 7,606 shares in the company, valued at $1,160,599.54. The trade was a 22.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert C. Lyons sold 12,635 shares of GATX stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $166.33, for a total value of $2,101,579.55. Following the completion of the transaction, the chief executive officer owned 50,575 shares in the company, valued at $8,412,139.75. This trade represents a 19.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,914 shares of company stock worth $2,953,509. Corporate insiders own 2.17% of the company's stock.

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.

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