GATX Corporation Plans Quarterly Dividend of $0.66 (NYSE:GATX)

GATX Corporation (NYSE:GATX) declared a quarterly dividend on Friday, April 24th. Investors of record on Monday, June 15th will be paid a dividend of 0.66 per share by the transportation company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th.

GATX has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. GATX has a dividend payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings.

GATX Price Performance

NYSE GATX traded up $2.17 during trading on Friday, reaching $174.39. 163,670 shares of the company traded hands, compared to its average volume of 210,820. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91. The stock’s 50 day moving average price is $182.22 and its two-hundred day moving average price is $178.22. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 18.71 and a beta of 1.17. GATX has a 1-year low of $148.20 and a 1-year high of $205.56.

GATX (NYSE:GATX) last released its quarterly earnings data on Thursday, May 7th. The transportation company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. The company had revenue of $583.70 million for the quarter, compared to the consensus estimate of $599.76 million. GATX had a return on equity of 10.31% and a net margin of 17.88%.The company’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. As a group, analysts anticipate that GATX will post 9.8 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on GATX. The Goldman Sachs Group reissued a “buy” rating and issued a $222.00 target price on shares of GATX in a report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Tuesday, April 21st. Susquehanna reduced their price objective on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Finally, Citigroup raised GATX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $211.00 in a report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $217.00.

GATX Company 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.