EULAV Asset Management Acquires 21,000 Shares of GATX Co. (NYSE:GATX)

EULAV Asset Management raised its holdings in shares of GATX Co. (NYSE:GATX) by 125.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,800 shares of the transportation company’s stock after acquiring an additional 21,000 shares during the period. EULAV Asset Management owned approximately 0.11% of GATX worth $5,857,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in GATX by 19.4% in the third quarter. JPMorgan Chase & Co. now owns 92,861 shares of the transportation company’s stock valued at $12,299,000 after purchasing an additional 15,092 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of GATX by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 167,651 shares of the transportation company’s stock valued at $22,206,000 after acquiring an additional 3,580 shares during the last quarter. State Street Corp raised its position in shares of GATX by 0.6% in the 3rd quarter. State Street Corp now owns 1,294,895 shares of the transportation company’s stock valued at $171,509,000 after acquiring an additional 7,585 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in GATX by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 474,729 shares of the transportation company’s stock worth $62,878,000 after acquiring an additional 17,255 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in GATX by 1.5% during the third quarter. Geode Capital Management LLC now owns 849,603 shares of the transportation company’s stock valued at $112,550,000 after purchasing an additional 12,571 shares during the period. Institutional investors and hedge funds own 93.14% of the company’s stock.

Insider Activity

In related news, SVP Jeffery R. Young sold 297 shares of GATX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the sale, the senior vice president now owns 7,362 shares of the company’s stock, valued at approximately $1,212,006.06. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $163.83, for a total value of $786,384.00. Following the transaction, the vice president now directly owns 7,493 shares of the company’s stock, valued at $1,227,578.19. This trade represents a 39.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Sidoti lowered shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price on the stock. in a report on Wednesday, December 4th. Susquehanna boosted their target price on GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 price target on the stock.

GATX Trading Down 0.6 %

Shares of NYSE:GATX opened at $165.52 on Friday. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 21.30 and a beta of 0.99. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. GATX Co. has a 12 month low of $122.00 and a 12 month high of $168.29. The company’s fifty day simple moving average is $158.85 and its 200 day simple moving average is $146.59.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.25. GATX had a return on equity of 12.07% and a net margin of 17.92%. During the same period last year, the business earned $1.74 EPS. As a group, research analysts forecast that GATX Co. will post 8.5 EPS for the current fiscal year.

GATX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, February 28th. This represents a $2.44 dividend on an annualized basis and a yield of 1.47%. This is an increase from GATX’s previous quarterly dividend of $0.58. GATX’s dividend payout ratio is 29.86%.

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.