GATX Corporation (NYSE:GATX – Get Free Report) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Monday, June 15th will be paid 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th.
GATX has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 15 years. GATX has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings.
GATX Price Performance
Shares of NYSE:GATX traded up $2.17 during trading on Friday, reaching $174.39. The stock had a trading volume of 163,670 shares, compared to its average volume of 210,820. The company has a debt-to-equity ratio of 3.41, a quick ratio of 3.91 and a current ratio of 3.91. The business has a fifty day moving average price of $182.22 and a 200-day moving average price of $178.22. The stock has a market cap of $6.19 billion, a PE ratio of 18.71 and a beta of 1.17. GATX has a 1-year low of $148.20 and a 1-year high of $205.56.
Institutional Investors Weigh In On GATX
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in GATX by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,481,900 shares of the transportation company’s stock valued at $251,337,000 after purchasing an additional 9,109 shares during the period. Bank of America Corp DE grew its stake in shares of GATX by 0.5% in the second quarter. Bank of America Corp DE now owns 1,219,746 shares of the transportation company’s stock valued at $187,304,000 after buying an additional 6,104 shares in the last quarter. American Century Companies Inc. grew its stake in shares of GATX by 5.1% in the third quarter. American Century Companies Inc. now owns 1,137,000 shares of the transportation company’s stock valued at $198,748,000 after buying an additional 55,609 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of GATX by 0.4% in the fourth quarter. Wellington Management Group LLP now owns 1,011,703 shares of the transportation company’s stock valued at $171,585,000 after buying an additional 4,406 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of GATX by 2.8% in the third quarter. Sei Investments Co. now owns 949,877 shares of the transportation company’s stock valued at $166,038,000 after buying an additional 25,440 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.
About GATX
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.
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