United Services Automobile Association Buys Shares of 2,347 GATX Corporation $GATX

Key Points

• United Services Automobile Association has acquired a new position in GATX Corporation, purchasing 2,347 shares valued at approximately $366,000 in the first quarter.
• Institutional investors now own 93.14% of GATX's stock, indicating strong institutional confidence in the company.
• GATX recently declared a quarterly dividend of $0.61 per share, representing a yield of 1.4% with a payout ratio of 27.92%.

United Services Automobile Association acquired a new position in GATX Corporation (NYSE:GATX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,347 shares of the transportation company's stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC boosted its stake in GATX by 12.7% in the first quarter. CWM LLC now owns 621 shares of the transportation company's stock worth $96,000 after purchasing an additional 70 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in GATX by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,154 shares of the transportation company's stock worth $644,000 after purchasing an additional 95 shares in the last quarter. State of Michigan Retirement System boosted its stake in GATX by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,512 shares of the transportation company's stock worth $1,322,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in GATX by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the transportation company's stock worth $1,553,000 after purchasing an additional 100 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in GATX by 6.6% in the first quarter. Rehmann Capital Advisory Group now owns 1,753 shares of the transportation company's stock worth $272,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company's stock.

Insider Buying and Selling

In other GATX news, CEO Robert C. Lyons sold 12,635 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total value of $2,101,579.55. Following the transaction, the chief executive officer owned 50,575 shares of the company's stock, valued at approximately $8,412,139.75. This represents a 19.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anne L. Arvia sold 979 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $165.35, for a total value of $161,877.65. Following the completion of the transaction, the director directly owned 33,077 shares in the company, valued at $5,469,281.95. The trade was a 2.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,914 shares of company stock worth $2,953,509. Corporate insiders own 2.17% of the company's stock.

GATX Trading Down 0.8%

Shares of GATX traded down $1.41 during trading hours on Friday, hitting $169.98. 168,394 shares of the stock traded hands, compared to its average volume of 157,656. 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 1-year low of $127.69 and a 1-year high of $172.08. The firm has a market capitalization of $6.05 billion, a PE ratio of 19.45 and a beta of 1.18. The business has a fifty day moving average of $159.34 and a 200-day moving average of $154.33.

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

GATX Announces Dividend

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. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. GATX's dividend payout ratio is 27.92%.

Wall Street Analyst Weigh In

Separately, Susquehanna set a $190.00 price objective on GATX and gave the stock a "positive" rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, GATX presently has a consensus rating of "Moderate Buy" and an average target price of $177.67.

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.