EULAV Asset Management Raises Holdings in GATX Corporation (NYSE:GATX)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after purchasing an additional 67 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of GATX during the first quarter worth $30,000. Brown Brothers Harriman & Co. acquired a new stake in shares of GATX during the fourth quarter worth $39,000. Orion Capital Management LLC acquired a new stake in shares of GATX during the fourth quarter worth $39,000. Finally, UMB Bank n.a. lifted its holdings in shares of GATX by 101.2% during the first quarter. UMB Bank n.a. now owns 328 shares of the transportation company's stock worth $51,000 after buying an additional 165 shares in the last quarter. 93.14% of the stock is owned by institutional investors.

GATX Price Performance

GATX stock traded up $1.03 during midday trading on Tuesday, reaching $158.49. The company had a trading volume of 209,936 shares, compared to its average volume of 171,400. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 20.09 and a beta of 1.16. The stock has a 50 day moving average price of $151.96 and a 200-day moving average price of $154.52. GATX Corporation has a 1-year low of $127.70 and a 1-year high of $168.89. The company has a debt-to-equity ratio of 3.43, a current ratio of 4.14 and a quick ratio of 4.14.

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

GATX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.44 annualized dividend and a yield of 1.54%. GATX's dividend payout ratio (DPR) is currently 30.93%.

Insider Buying and Selling at GATX

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GATX shares. The Goldman Sachs Group reissued a "buy" rating on shares of GATX in a report on Wednesday, April 23rd. Susquehanna dropped their target price on GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

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.