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

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

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

GATX Stock Performance

Shares of NYSE GATX traded down $1.14 during trading on Friday, reaching $137.81. 169,838 shares of the company traded hands, compared to its average volume of 153,411. The firm has a 50 day simple moving average of $135.94 and a 200-day simple moving average of $134.72. The company has a quick ratio of 4.97, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $4.91 billion, a PE ratio of 18.42 and a beta of 0.95. GATX has a 52-week low of $101.31 and a 52-week high of $151.33.

GATX (NYSE:GATX - Get Free Report) last released its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.54. GATX had a net margin of 17.76% and a return on equity of 11.98%. The company had revenue of $405.40 million for the quarter, compared to analysts' expectations of $391.65 million. During the same quarter last year, the business earned $1.44 EPS. The firm's revenue was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that GATX will post 7.6 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Separately, Susquehanna raised their target price on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note 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.