EULAV Asset Management Raises Stock Position in GATX Corporation (NYSE:GATX)

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

Other large investors also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of GATX by 60.4% during the fourth quarter. Assetmark Inc. now owns 178 shares of the transportation company's stock worth $28,000 after buying an additional 67 shares during the period. Arizona State Retirement System boosted its stake in shares of GATX by 0.8% during the fourth quarter. Arizona State Retirement System now owns 9,816 shares of the transportation company's stock worth $1,521,000 after buying an additional 77 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of GATX by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock worth $644,000 after buying an additional 95 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of GATX by 7.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,644 shares of the transportation company's stock worth $255,000 after buying an additional 110 shares during the period. Finally, Huntington National Bank boosted its stake in shares of GATX by 54.3% during the fourth quarter. Huntington National Bank now owns 344 shares of the transportation company's stock worth $53,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 93.14% of the company's stock.

Analysts Set New Price Targets

GATX has been the subject of several analyst reports. 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 shares of GATX from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

Insider Buying and Selling

In related news, VP Jennifer Mcmanus sold 1,800 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $154.92, for a total transaction of $278,856.00. Following the sale, the vice president owned 3,468 shares in the company, valued at approximately $537,262.56. This trade represents a 34.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul F. Titterton sold 18,700 shares of GATX stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $156.66, for a total transaction of $2,929,542.00. Following the completion of the transaction, the executive vice president owned 10,468 shares in the company, 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. 2.17% of the stock is currently owned by company insiders.

GATX Price Performance

Shares of GATX stock traded up $1.67 during trading hours on Thursday, hitting $159.93. The company's stock had a trading volume of 132,042 shares, compared to its average volume of 170,924. The business has a fifty day moving average of $152.21 and a 200-day moving average of $154.55. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 20.27 and a beta of 1.16. GATX Corporation has a twelve month low of $127.70 and a twelve 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.

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

GATX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 1.53%. GATX's dividend payout ratio (DPR) is currently 30.93%.

About GATX

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.