GATX Co. (NYSE:GATX) declared a quarterly dividend on Friday, January 29th, Zacks reports. Investors of record on Friday, February 26th will be given a dividend of 0.50 per share by the transportation company on Wednesday, March 31st. This represents a $2.00 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, February 25th. This is a positive change from GATX's previous quarterly dividend of $0.48.
GATX has increased its dividend payment by 14.3% over the last three years and has raised its dividend every year for the last 1 years. GATX has a payout ratio of 48.4% meaning its dividend is sufficiently covered by earnings. Analysts expect GATX to earn $3.75 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 53.3%.
GATX stock opened at $99.04 on Tuesday. The company has a debt-to-equity ratio of 2.69, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 18.48 and a beta of 1.04. The firm has a 50-day moving average of $92.07 and a two-hundred day moving average of $77.40. GATX has a 1 year low of $50.69 and a 1 year high of $101.16.
GATX (NYSE:GATX) last posted its quarterly earnings results on Thursday, January 28th. The transportation company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.86 by ($0.36). The company had revenue of $304.90 million for the quarter, compared to the consensus estimate of $301.53 million. GATX had a net margin of 14.96% and a return on equity of 9.01%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. Research analysts expect that GATX will post 4.49 earnings per share for the current year.
Several analysts recently weighed in on the company. Cowen lifted their price objective on GATX from $84.00 to $99.00 and gave the company a "market perform" rating in a report on Tuesday, February 9th. Zacks Investment Research lowered GATX from a "buy" rating to a "hold" rating and set a $93.00 target price for the company. in a report on Friday, January 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and a consensus price target of $83.60.
In related news, SVP Paul F. Titterton sold 9,834 shares of the stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $91.14, for a total transaction of $896,270.76. Following the completion of the transaction, the senior vice president now owns 19,455 shares of the company's stock, valued at approximately $1,773,128.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Zmudka sold 4,400 shares of GATX stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $95.11, for a total value of $418,484.00. Following the completion of the transaction, the vice president now directly owns 9,820 shares of the company's stock, valued at $933,980.20. The disclosure for this sale can be found here. Insiders have sold 50,334 shares of company stock valued at $4,767,580 over the last 90 days. 4.00% of the stock is currently owned by company insiders.
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.
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