GATX Corporation $GATX Shares Acquired by EULAV Asset Management

EULAV Asset Management lifted its holdings in GATX Corporation (NYSE:GATX) by 20.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,309 shares of the transportation company’s stock after purchasing an additional 16,500 shares during the period. EULAV Asset Management’s holdings in GATX were worth $16,660,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in GATX by 434.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 187 shares of the transportation company’s stock worth $29,000 after buying an additional 152 shares during the last quarter. Bayforest Capital Ltd lifted its stake in GATX by 219.0% during the second quarter. Bayforest Capital Ltd now owns 370 shares of the transportation company’s stock worth $57,000 after purchasing an additional 254 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in GATX in the second quarter valued at approximately $65,000. Mather Group LLC. purchased a new position in GATX in the third quarter valued at approximately $72,000. Finally, Meeder Asset Management Inc. purchased a new position in GATX in the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research report on Wednesday, October 8th. Citigroup lifted their price target on shares of GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group restated a “buy” rating and issued a $204.00 price objective on shares of GATX in a research note on Wednesday. Finally, Susquehanna lifted their target price on GATX from $190.00 to $192.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, According to MarketBeat, GATX presently has an average rating of “Buy” and a consensus price target of $198.00.

GATX Stock Down 0.0%

GATX opened at $177.07 on Friday. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 20.69 and a beta of 1.16. GATX Corporation has a one year low of $139.44 and a one year high of $179.70. The business’s fifty day moving average is $166.37 and its two-hundred day moving average is $164.16. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.81 and a current ratio of 3.81.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 21st. The transportation company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). GATX had a net margin of 18.35% and a return on equity of 11.62%. The company had revenue of $439.30 million for the quarter, compared to analyst estimates of $435.21 million. During the same quarter last year, the company posted $2.43 EPS. GATX’s quarterly revenue was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. Analysts anticipate that GATX Corporation will post 8.5 EPS for the current fiscal year.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. GATX’s payout ratio is currently 28.50%.

Insiders Place Their Bets

In other GATX news, SVP Aken Jennifer Van sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $164.15, for a total value of $295,470.00. Following the transaction, the senior vice president directly owned 5,912 shares of the company’s stock, valued at $970,454.80. This trade represents a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.17% of the stock is currently owned by company insiders.

About GATX

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.