GATX Co. Declares Quarterly Dividend of $0.58 (NYSE:GATX)

GATX Co. (NYSE:GATX) announced a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.58 per share by the transportation company on Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, December 13th.

GATX has raised its dividend payment by an average of 4.6% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. GATX has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings.

GATX Stock Performance

Shares of NYSE:GATX traded down $1.14 on Friday, hitting $137.81. 169,838 shares of the company were exchanged, compared to its average volume of 151,276. GATX has a 1-year low of $101.31 and a 1-year high of $151.33. The stock’s 50 day moving average price is $135.94 and its 200 day moving average price is $134.72. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 3.52. The firm has a market capitalization of $4.91 billion, a P/E ratio of 19.63 and a beta of 0.95.

GATX (NYSE:GATX) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.96 by $0.54. The business had revenue of $405.40 million during the quarter, compared to the consensus estimate of $391.65 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. Sell-side analysts predict that GATX will post 7.5 EPS for the current year.

Insider Activity at GATX

In other news, major shareholder Farm Mutual Automobile I. State acquired 8,984 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the completion of the transaction, the insider now owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Susquehanna boosted their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, October 21st.

GATX Company 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.