GATX Corporation (GATX) To Go Ex-Dividend on December 15th

GATX Corporation (NYSE:GATX) announced a quarterly dividend on Friday, October 31st. Shareholders of record on Monday, December 15th will be given a dividend of 0.61 per share by the transportation company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th.

GATX has increased its dividend by an average of 0.0%annually over the last three years and has raised 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 opened at $156.88 on Friday. The company has a quick ratio of 2.93, a current ratio of 3.81 and a debt-to-equity ratio of 3.26. The stock has a market capitalization of $5.58 billion, a PE ratio of 18.33 and a beta of 1.18. The company has a 50 day moving average price of $169.46 and a two-hundred day moving average price of $158.46. GATX has a 12-month low of $137.05 and a 12-month high of $178.26.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.22). The business had revenue of $439.30 million during the quarter, compared to analyst estimates of $435.21 million. GATX had a net margin of 18.35% and a return on equity of 11.62%. GATX’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 earnings per share. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities analysts predict that GATX will post 8.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert C. Lyons sold 12,635 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $166.33, for a total transaction of $2,101,579.55. Following the transaction, the chief executive officer directly owned 50,575 shares in the company, valued at $8,412,139.75. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne L. Arvia sold 979 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $165.35, for a total transaction of $161,877.65. Following the completion of the transaction, the director owned 33,077 shares of the company’s stock, valued at approximately $5,469,281.95. This represents a 2.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 15,714 shares of company stock valued at $2,617,811. 2.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On GATX

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its holdings in GATX by 59.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 6,257 shares of the transportation company’s stock worth $1,095,000 after acquiring an additional 2,336 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of GATX by 96.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 2,569 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 1,259 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of GATX by 28.3% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 9,526 shares of the transportation company’s stock valued at $1,656,000 after purchasing an additional 2,104 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of GATX by 19.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,647 shares of the transportation company’s stock valued at $634,000 after purchasing an additional 606 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of GATX in the 3rd quarter valued at about $282,000. Institutional investors own 93.14% of the company’s 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.