United Services Automobile Association Invests $366,000 in 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 purchased a new stake in shares of GATX Corporation (NYSE:GATX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,347 shares of the transportation company's stock, valued at approximately $366,000.

A number of other institutional investors have also recently made changes to their positions in GATX. CWM LLC lifted its holdings in GATX by 12.7% during the 1st 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 lifted its holdings in GATX by 2.3% during the 1st 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 lifted its holdings in GATX by 1.2% during the 1st 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 lifted its holdings in GATX by 1.0% during the 1st 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 lifted its holdings in GATX by 6.6% during the 1st 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. Hedge funds and other institutional investors own 93.14% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, VP Geoffrey Phillips sold 2,100 shares of GATX stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $168.74, for a total value of $354,354.00. Following the sale, the vice president directly owned 6,740 shares in the company, valued at approximately $1,137,307.60. This trade represents a 23.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Hillesland sold 2,200 shares of GATX stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $152.59, for a total value of $335,698.00. Following the completion of the sale, the senior vice president owned 7,606 shares in the company, valued at approximately $1,160,599.54. This represents a 22.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,914 shares of company stock valued at $2,953,509 over the last quarter. Company insiders own 2.17% of the company's stock.

GATX Trading Up 1.1%

GATX stock traded up $1.85 during trading hours on Wednesday, reaching $170.14. The company had a trading volume of 24,663 shares, compared to its average volume of 173,895. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.93 and a quick ratio of 2.93. The company has a 50-day moving average price of $159.78 and a 200 day moving average price of $154.45. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 19.47 and a beta of 1.18. GATX Corporation has a 12-month low of $127.69 and a 12-month high of $172.15.

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

GATX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. GATX's payout ratio is 27.92%.

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.