GATX Co. (NYSE:GATX) Declares Quarterly Dividend of $0.61

GATX Co. (NYSE:GATX) declared a quarterly dividend on Friday, January 31st, RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.61 per share by the transportation company on Monday, March 31st. This represents a $2.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from GATX’s previous quarterly dividend of $0.58.

GATX has increased its dividend by an average of 5.1% per year over the last three years and has raised its dividend every year for the last 15 years. GATX has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings.

GATX Stock Performance

GATX stock opened at $163.00 on Wednesday. The stock’s 50 day moving average is $159.41 and its 200 day moving average is $149.31. The company has a market capitalization of $5.80 billion, a P/E ratio of 20.98 and a beta of 0.99. GATX has a twelve month low of $122.00 and a twelve month high of $168.89. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37.

GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.25. GATX had a return on equity of 12.07% and a net margin of 17.92%. During the same quarter in the prior year, the firm earned $1.74 earnings per share. On average, equities research analysts predict that GATX will post 8.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GATX. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a report on Wednesday, December 4th. The Goldman Sachs Group started coverage on shares of GATX in a research report on Monday, November 18th. They set a “buy” rating and a $185.00 price target for the company.

Insider Activity at GATX

In other news, SVP Jeffery R. Young sold 297 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $164.63, for a total value of $48,895.11. Following the transaction, the senior vice president now directly owns 7,362 shares in the company, valued at $1,212,006.06. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert Zmudka sold 4,800 shares of GATX stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $163.83, for a total value of $786,384.00. Following the completion of the sale, the vice president now directly owns 7,493 shares of the company’s stock, valued at $1,227,578.19. The trade was a 39.05 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

About GATX

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.