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

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.

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

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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