GATX Corporation (GATX) to Issue Quarterly Dividend of $0.66 on September 30th

GATX Corporation (NYSE:GATX) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.66 per share by the transportation company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th.

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

GATX Trading Up 0.7%

Shares of NYSE:GATX traded up $1.27 during midday trading on Friday, reaching $178.13. The company had a trading volume of 185,846 shares, compared to its average volume of 169,911. The company has a fifty day simple moving average of $178.62 and a two-hundred day simple moving average of $179.12. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 17.64 and a beta of 1.17. GATX has a 1-year low of $150.42 and a 1-year high of $205.56. 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 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 17.94% and a return on equity of 10.43%. The business’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 earnings per share. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. Research analysts predict that GATX will post 10.1 earnings per share for the current year.

Analyst Ratings Changes

GATX has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on shares of GATX from $218.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. Citigroup boosted their target price on shares of GATX from $214.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded GATX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, GATX currently has an average rating of “Buy” and an average target price of $219.00.

GATX Company Profile

GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.