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 1.48%. This is a boost from GATX’s previous quarterly dividend of $0.58.

GATX has increased its dividend by an average of 5.1% 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 24.2% indicating that its dividend is sufficiently covered by earnings.

GATX Stock Performance

NYSE:GATX opened at $165.40 on Friday. The company has a quick ratio of 3.41, a current ratio of 2.77 and a debt-to-equity ratio of 3.37. The firm’s fifty day simple moving average is $158.76 and its 200 day simple moving average is $146.07. The stock has a market cap of $5.87 billion, a P/E ratio of 21.29 and a beta of 0.99. GATX has a twelve month low of $120.14 and a twelve month high of $168.29.

GATX (NYSE:GATX) last announced its earnings results on Thursday, January 23rd. The transportation company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.25. GATX had a net margin of 17.92% and a return on equity of 12.07%. During the same quarter last year, the business posted $1.74 EPS. As a group, research analysts predict that GATX will post 8.5 EPS for the current year.

Analyst Ratings Changes

GATX has been the topic of several research reports. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target on the stock. in a research report on Wednesday, December 4th. Susquehanna boosted their target price on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on shares of GATX in a research report on Monday, November 18th. They issued a “buy” rating and a $185.00 target price on the stock.

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.