GATX Corporation operates as railcar leasing company in the United States and internationally. The company operates through three segments: Rail North America, Rail International, and Portfolio Management. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries. The company also offers services, including the interior cleaning of railcars, routine maintenance and repair of car body and safety appliances, regulatory compliance works, wheelset replacements, interior blast and lining operations, exterior blast and painting, and car stenciling. In addition, it leases aircraft spare engines, directly-owned aircraft spare engines, and five liquefied gas-carrying vessels, as well as manages portfolios of assets for third parties. The company owns a fleet of approximately 147,000 railcars; 539 four-axle and 29 six-axle locomotives; and 5 vessels. GATX Corporation was founded in 1898 and is headquartered in Chicago, Illinois.
Wall Street Analyst Weigh In
GATX has been the subject of a number of recent research reports. Susquehanna Bancshares lowered their price objective on shares of GATX from $122.00 to $112.00 in a report on Friday, July 22nd. StockNews.com lowered shares of GATX from a "buy" rating to a "hold" rating in a report on Friday, July 22nd.
GATX Stock Performance
GATX Stock traded down $2.16 during midday trading on Wednesday, hitting $102.49. The stock had a trading volume of 787 shares, compared to its average volume of 143,477. The firm's fifty day moving average is $96.52 and its two-hundred day moving average is $106.29. The company has a market capitalization of $3.62 billion, a PE ratio of 20.61 and a beta of 0.99. GATX has a 52-week low of $84.50 and a 52-week high of $127.58. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 3.02.
GATX (NYSE:GATX - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.24 by ($0.17). GATX had a net margin of 14.20% and a return on equity of 10.94%. The company had revenue of $312.70 million for the quarter, compared to analysts' expectations of $323.70 million. During the same period last year, the business earned $1.35 earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts forecast that GATX will post 5.95 EPS for the current year.
GATX Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Wednesday, September 14th. GATX's dividend payout ratio (DPR) is currently 41.85%.