Oliver Luxxe Assets LLC Trims Stock Holdings in GATX Corporation $GATX

Oliver Luxxe Assets LLC decreased its holdings in shares of GATX Corporation (NYSE:GATX) by 36.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,684 shares of the transportation company’s stock after selling 5,654 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in GATX were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GATX. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of GATX by 270,265.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 640,765 shares of the transportation company’s stock worth $108,674,000 after acquiring an additional 640,528 shares during the period. Norges Bank bought a new stake in shares of GATX during the 4th quarter valued at $86,241,000. Alliancebernstein L.P. raised its stake in shares of GATX by 681.7% during the 3rd quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock valued at $100,393,000 after purchasing an additional 500,857 shares during the period. Squarepoint Ops LLC lifted its holdings in GATX by 429.5% during the 2nd quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after purchasing an additional 152,361 shares in the last quarter. Finally, Steadfast Capital Management LP purchased a new stake in GATX during the 3rd quarter worth about $24,489,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

GATX Trading Up 0.0%

GATX stock opened at $177.76 on Monday. The stock has a market cap of $6.28 billion, a P/E ratio of 17.60 and a beta of 1.17. GATX Corporation has a fifty-two week low of $150.42 and a fifty-two week high of $205.56. The firm’s fifty day moving average price is $177.14 and its 200-day moving average price is $180.72. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.90 and a current ratio of 3.90.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.38. The company had revenue of $580.10 million during the quarter, compared to analyst estimates of $598.77 million. GATX had a return on equity of 10.43% and a net margin of 17.94%.The firm’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. Equities research analysts forecast that GATX Corporation will post 10.1 earnings per share for the current fiscal year.

GATX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. GATX’s dividend payout ratio (DPR) is presently 26.14%.

Analyst Ratings Changes

Several brokerages have commented on GATX. Citigroup lifted their target price on GATX from $214.00 to $215.00 and gave the company a “buy” rating in a report on Monday, August 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 price target on shares of GATX in a report on Thursday, May 7th. Susquehanna raised their price objective on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GATX in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, GATX presently has a consensus rating of “Buy” and an average target price of $219.00.

Insider Buying and Selling at GATX

In other news, CFO Thomas A. Ellman sold 18,200 shares of GATX stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the sale, the chief financial officer owned 34,361 shares in the company, valued at approximately $6,187,728.88. This trade represents a 34.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.86% of the stock is currently owned by insiders.

GATX Profile

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.