Atlas Corp. (NYSE:ATCO – Get Rating) announced a quarterly dividend on Thursday, April 7th, Zacks reports. Stockholders of record on Wednesday, April 20th will be given a dividend of 0.125 per share on Monday, May 2nd. This represents a $0.50 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Tuesday, April 19th.
Atlas has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Atlas to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 26.2%.
ATCO stock opened at $13.45 on Friday. Atlas has a 52-week low of $12.35 and a 52-week high of $16.49. The stock’s fifty day simple moving average is $14.70 and its 200-day simple moving average is $14.40. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.60 and a beta of 1.05.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Atlas from a “buy” rating to a “hold” rating in a research report on Monday, February 21st. TheStreet raised Atlas from a “c” rating to a “b-” rating in a research report on Thursday, February 17th. Finally, Bank of America lowered Atlas from a “neutral” rating to an “underperform” rating and set a $14.50 price objective on the stock. in a research report on Thursday, February 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.30.
Large investors have recently bought and sold shares of the stock. Citigroup Inc. grew its stake in Atlas by 147.0% in the fourth quarter. Citigroup Inc. now owns 3,181 shares of the company’s stock worth $45,000 after purchasing an additional 1,893 shares in the last quarter. Marshall Wace LLP acquired a new position in Atlas in the fourth quarter worth about $64,000. EP Wealth Advisors LLC acquired a new position in Atlas in the fourth quarter worth about $160,000. Parametric Portfolio Associates LLC acquired a new position in Atlas in the fourth quarter worth about $171,000. Finally, CIBC World Markets Inc. grew its stake in Atlas by 10.3% in the fourth quarter. CIBC World Markets Inc. now owns 15,940 shares of the company’s stock worth $226,000 after purchasing an additional 1,484 shares in the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.
Atlas Company Profile (Get Rating)
Atlas Corp. operates as an asset manager and operator. The company, through its subsidiaries, operates as an independent charter owner and manager of containerships. The company charters its containerships under long-term and fixed-rate time charters to various container liner companies. As of March 10, 2020, it operated a fleet of 118 containerships.
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