GATX Corporation (GATX)
Market Cap | 4.00B |
Revenue (ttm) | 1.36B |
Net Income (ttm) | 241.60M |
Shares Out | 35.50M |
EPS (ttm) | 6.70 |
PE Ratio | 16.92 |
Forward PE | 16.28 |
Dividend | $2.20 (1.96%) |
Ex-Dividend Date | Dec 14, 2023 |
Volume | 7,166 |
Open | 113.22 |
Previous Close | 113.34 |
Day's Range | 111.85 - 113.53 |
52-Week Range | 97.21 - 133.01 |
Beta | 1.01 |
Analysts | Buy |
Price Target | 138.20 (+23.33%) |
Earnings Date | Jan 23, 2024 |
About GATX
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. It also offers maintenance services, including the interior cleaning of railcars, routine maintenance and repair of car body and safety appliances, regulatory compliance work... [Read more]
Financial Performance
In 2022, GATX's revenue was $1.27 billion, an increase of 1.24% compared to the previous year's $1.26 billion. Earnings were $155.90 million, an increase of 8.94%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for GATX stock is "Buy." The 12-month stock price forecast is $138.2, which is an increase of 23.33% from the latest price.
News

GATX Corporation to Present at the Stephens Annual Investment Conference
CHICAGO--(BUSINESS WIRE)--Thomas A. Ellman, executive vice president and chief financial officer of GATX Corporation (NYSE: GATX), will present at the Stephens Annual Investment Conference on Wednesda...

GATX Corporation Announces Quarterly Dividend
CHICAGO--(BUSINESS WIRE)--The board of directors of GATX Corporation (NYSE: GATX) today declared a quarterly dividend of $0.55 per common share, payable Dec. 31, 2023, to shareholders of record on Dec...

GATX Corporation Reports 2023 Third-Quarter Results
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2023 third-quarter net income of $52.5 million, or $1.44 per diluted share, compared to net income of $29.1 million, or $0.81 per...

GATX Corporation Sets Date for 2023 Third-Quarter Earnings Release and Conference Call
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) will report results for the 2023 third quarter prior to market open on Oct. 24, 2023. GATX will hold a conference call to review the results lat...

GATX Corporation to Present at the TD Cowen Annual Global Transportation Conference
CHICAGO--(BUSINESS WIRE)--Thomas A. Ellman, executive vice president and chief financial officer of GATX Corporation (NYSE: GATX), will present at The TD Cowen Annual Global Transportation Conference ...

GATX Corporation Appoints Three Senior Vice Presidents
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX), the leading global lessor of transportation assets, today announced three senior leadership promotions, effective immediately: Kevin J. Hillesl...

GATX Corporation Adds Shelley Bausch to Board of Directors
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today announced the election of Shelley J. Bausch to its board of directors. Ms. Bausch will also serve as a member of the board's Audit and Gov...

GATX Corporation Reports 2023 Second-Quarter Results
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2023 second-quarter net income of $63.3 million, or $1.74 per diluted share, compared to net income of $2.6 million, or $0.07 per...

GATX Corporation Announces Modification to Its Lease Price Index (LPI) Calculation
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) today announced a modified methodology for its Lease Price Index (LPI) calculation. This modification, accompanied by historical data dating back...

GATX Corporation Sets Date for 2023 Second-Quarter Earnings Release and Conference Call
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) will report results for the 2023 second-quarter prior to market open on July 25, 2023. GATX will hold a conference call to review the results lat...

GATX Corporation to Present at 2023 Wells Fargo Industrials Conference
CHICAGO--(BUSINESS WIRE)--Robert C. Lyons, president and chief executive officer, GATX Corporation (NYSE:GATX), will participate in a fireside chat at the 2023 Wells Fargo Industrials Conference on Tu...

Trinity Industries, GATX and Wabtec see opportunities amid headwinds
Rail equipment manufacturers and rail car lessors see 2023 as a year of opportunities despite lower North American rail volumes in the first quarter. Here's what officials said about the rail car mark...

GATX Corporation Reports 2023 First-Quarter Results
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) today reported 2023 first-quarter net income of $77.4 million, or $2.16 per diluted share, compared to net income of $75.8 million, or $2.10 per ...

GATX Corporation Sets Date for 2023 First-Quarter Earnings Release and Conference Call
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) will report results for the 2023 first quarter prior to market open on Apr. 25, 2023. GATX will hold a conference call to review the results late...

GATX stock takes a dive after WSJ report showing the company owned the railcar that derailed in Ohio
Shares of GATX Corp. GATX, -3.21% took a 2.9% dive in morning trading Friday, reversing an earlier intraday gain of as much as 0.4%, after The Wall Street Journal reported that the railroad freight ca...

GATX Corporation to Present at the Stifel 203 Transportation & Logistics Conference
CHICAGO--(BUSINESS WIRE)--Thomas A. Ellman, executive vice president and chief financial officer, GATX Corporation (NYSE:GATX), will present at the Stifel 2023 Transportation & Logistics Conference ...

GATX Corporation Announces BBB+ Long-Term Issuer Rating From Fitch Ratings, Inc.
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) announced today that Fitch Ratings, Inc. (“Fitch”) has assigned the Company a BBB+ Long-Term Issuer Default Rating (IDR) with a stable outlook...

GATX optimistic about 2023 despite macroeconomic uncertainties
Despite macroeconomic and geopolitical uncertainties domestically and abroad, executives with rail car manufacturer and lessor GATX are confident that the rail car market will hold up well in 2023. “T...

GATX Corporation Announces Quarterly Dividend Increase
CHICAGO--(BUSINESS WIRE)--The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.55 per common share, payable Mar. 31, 2023, to shareholders of record on Ma...

GATX Corporation Reports 2022 Fourth-Quarter and Full-Year Results
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2022 fourth-quarter net income of $48.4 million or $1.36 per diluted share, compared to net income of $61.0 million or $1.69 pe...

GATX Corporation Sets Date for 2022 Fourth-Quarter Earnings Release and Conference Call
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) will report results for the 2022 fourth quarter prior to market open on Jan. 24, 2023. GATX will hold a conference call to review the results l...

Freight railroad unions say strike can still be avoided
The trade group representing the nation's freight railroads is confident that a strike by more than 100,000 union members can be avoided, even after rank-and-file members rejected the tentative labor ...

With U.S. economy at risk, here's how a national rail strike could start in December
Key rail union votes and decisions are coming as UPS, retailers, and the U.S. economy prepare for a potential strike that could shut down the freight network.
A nationwide railroad workers strike is likely this December
CNBC's Lori Ann LaRocco gives the latest on the impending railroad strike.

GATX Corporation Announces the Appointment of James B. Ream as Independent Chair of the Board
CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) today announced that James B.