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

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

GATX has raised its dividend by an average of 0.0%annually over the last three years and has increased 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 Trading Up 1.3%

GATX stock traded up $2.17 during trading on Friday, reaching $174.39. 163,670 shares of the stock traded hands, compared to its average volume of 210,820. The business’s 50 day moving average price is $182.22 and its 200-day moving average price is $178.22. GATX has a 52-week low of $148.20 and a 52-week high of $205.56. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.91 and a quick ratio of 3.91. The firm has a market capitalization of $6.19 billion, a PE ratio of 18.71 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GATX. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $222.00 target price on shares of GATX in a research report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research note on Tuesday, April 21st. Susquehanna cut their price target on GATX from $220.00 to $218.00 and set a “positive” rating on the stock in a research note on Friday, May 8th. Finally, Citigroup upgraded GATX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $210.00 to $211.00 in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.