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GATX Corporation (NYSE:GATX) Shares Bought by EULAV Asset Management

GATX logo with Transportation background

EULAV Asset Management grew its stake in shares of GATX Corporation (NYSE:GATX - Free Report) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,300 shares of the transportation company's stock after purchasing an additional 9,500 shares during the period. EULAV Asset Management owned about 0.13% of GATX worth $7,344,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GATX. Assetmark Inc. lifted its position in GATX by 60.4% in the 4th quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of GATX in the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. bought a new position in GATX in the 4th quarter worth $39,000. Orion Capital Management LLC bought a new position in shares of GATX in the fourth quarter worth about $39,000. Finally, UMB Bank n.a. increased its position in GATX by 101.2% in the 1st quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after buying an additional 165 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.

GATX Stock Up 0.6%

Shares of GATX opened at $159.50 on Monday. The firm's 50 day moving average is $151.43 and its 200-day moving average is $154.47. GATX Corporation has a 12 month low of $127.70 and a 12 month high of $168.89. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 3.43. The stock has a market capitalization of $5.69 billion, a PE ratio of 20.22 and a beta of 1.16.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.06. GATX had a net margin of 17.73% and a return on equity of 12.00%. The company had revenue of $421.60 million for the quarter, compared to analyst estimates of $417.06 million. During the same period in the previous year, the firm posted $2.01 EPS. The firm's revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that GATX Corporation will post 8.5 EPS for the current year.

GATX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, June 13th. GATX's dividend payout ratio (DPR) is presently 30.93%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GATX. The Goldman Sachs Group reiterated a "buy" rating on shares of GATX in a research note on Wednesday, April 23rd. Susquehanna reduced their price objective on shares of GATX from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th.

Get Our Latest Stock Analysis on GATX

Insider Activity

In other GATX news, VP Jennifer Mcmanus sold 1,800 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the completion of the sale, the vice president directly owned 3,468 shares in the company, valued at $537,262.56. This represents a 34.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Paul F. Titterton sold 18,700 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $156.66, for a total value of $2,929,542.00. Following the completion of the sale, the executive vice president owned 10,468 shares of the company's stock, valued at approximately $1,639,916.88. This trade represents a 64.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.17% of the company's stock.

GATX Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GATX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GATX Corporation (NYSE:GATX - Free Report).

Institutional Ownership by Quarter for GATX (NYSE:GATX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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