GATX Corporation (NYSE:GATX) Increases Dividend to $0.66 Per Share

GATX Corporation (NYSE:GATX) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.66 per share by the transportation company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, March 2nd. This is a 8.2% increase from GATX’s previous quarterly dividend of $0.61.

GATX has raised its dividend payment 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 payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings.

GATX Price Performance

NYSE:GATX traded down $1.30 during trading hours on Thursday, hitting $188.97. The stock had a trading volume of 339,700 shares, compared to its average volume of 189,918. The company has a 50 day simple moving average of $179.15 and a two-hundred day simple moving average of $169.29. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.08 and a beta of 1.19. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.81 and a quick ratio of 3.81. GATX has a one year low of $139.44 and a one year high of $195.42.

GATX (NYSE:GATX) last announced its earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.02. The business had revenue of $449.00 million during the quarter, compared to analyst estimates of $443.67 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. GATX’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.93 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Research analysts forecast that GATX will post 8.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GATX. The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 price objective on shares of GATX in a research report on Wednesday, January 14th. Citigroup lifted their target price on shares of GATX from $192.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Susquehanna increased their price target on shares of GATX from $192.00 to $212.00 and gave the company a “positive” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $204.67.

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.