GATX Corporation (NYSE:GATX) Plans $0.66 Quarterly Dividend

GATX Corporation (NYSE:GATX) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.66 per share by the transportation company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th.

GATX has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. GATX has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings.

GATX Price Performance

Shares of GATX traded up $1.27 during trading hours on Friday, hitting $178.13. 185,846 shares of the stock were exchanged, compared to its average volume of 169,911. The company has a debt-to-equity ratio of 3.44, a quick ratio of 3.90 and a current ratio of 3.90. GATX has a 12-month low of $150.42 and a 12-month high of $205.56. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 17.64 and a beta of 1.17. The stock’s 50-day moving average price is $178.62 and its two-hundred day moving average price is $179.12.

GATX (NYSE:GATX) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The company had revenue of $580.10 million for the quarter, compared to analyst estimates of $598.77 million. During the same quarter last year, the firm posted $2.06 EPS. The firm’s revenue for the quarter was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. Research analysts expect that GATX will post 10.1 earnings per share for the current year.

Insider Buying and Selling at GATX

In related news, CFO Thomas A. Ellman sold 18,200 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $180.08, for a total transaction of $3,277,456.00. Following the completion of the transaction, the chief financial officer directly owned 34,361 shares in the company, valued at $6,187,728.88. This trade represents a 34.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Eren Doygun sold 1,000 shares of GATX stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $179.52, for a total transaction of $179,520.00. Following the completion of the transaction, the senior vice president owned 5,323 shares of the company’s stock, valued at $955,584.96. This trade represents a 15.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,700 shares of company stock valued at $3,900,976 over the last 90 days. 1.86% of the stock is owned by insiders.

Hedge Funds Weigh In On GATX

Several hedge funds and other institutional investors have recently made changes to their positions in GATX. AQR Capital Management LLC lifted its stake in GATX by 21.3% in the first quarter. AQR Capital Management LLC now owns 7,716 shares of the transportation company’s stock worth $1,198,000 after acquiring an additional 1,357 shares during the last quarter. Millennium Management LLC increased its position in GATX by 54.9% during the first quarter. Millennium Management LLC now owns 58,011 shares of the transportation company’s stock worth $9,007,000 after buying an additional 20,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in GATX by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 116,834 shares of the transportation company’s stock worth $18,141,000 after buying an additional 1,968 shares during the period. Jane Street Group LLC lifted its stake in GATX by 280.6% in the first quarter. Jane Street Group LLC now owns 53,690 shares of the transportation company’s stock valued at $8,336,000 after buying an additional 39,582 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in GATX by 104.7% in the second quarter. Invesco Ltd. now owns 113,613 shares of the transportation company’s stock valued at $17,446,000 after buying an additional 58,100 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

About GATX

GATX Corporation is a global railcar leasing company that owns, manages and leases freight railcars to shippers, railroads and other transportation companies. Its fleet serves a range of industries, including energy, chemicals, agriculture, food products and general manufacturing. GATX also provides related services such as railcar maintenance, repair, refurbishment and fleet management.

The company operates primarily through GATX Rail North America and GATX Rail Europe, with additional railcar leasing activities in India.