shaunl/iStock via Getty Images Thesis In the eight years since 2016, the shares of GATX Corporation (NYSE:GATX) have roughly tripled: Data by YCharts It has been a bumpy ride at times, but shareholders with a long-term perspective have been well rewarded. In addition, the company has grown its dividend every year for the past 13 years. An analysis of its fundamental data suggests those capital gains will continue, with GATX enjoying strong utilization rates and pricing growth. At the same time, it is a rela ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q __________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-2328 GATX Corporation (Exact name of registrant as specified in its charter) New York 36-1 ...

GATX Corporation (NYSE:GATX) Q1 2024 Earnings Conference Call April 23, 2024 11:00 AM ET Company Participants Shari Hellerman - Head, IR Robert Lyons - President and CEO Tom Ellman - EVP and CFO Conference Call Participants Matt Elkott - TD Cowen Justin Long - Stephens Bascome Majors - Susquehanna Justin Bergner - Gabelli Funds Brendan McCarthy - Sidoti Operator Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the GATX Corporati ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE GATX CORPORATION REPORTS 2024 FIRST-QUARTER RESULTS CHICAGO, April 23, 2024 - GATX Corporation (NYSE: GATX) today reported 2024 first-quarter net income of $74.3 million, or $2.03 per diluted share, compared to net income of $77.4 million, or $2.16 per diluted share, in the first quarter of 2023. The 2024 first-quarter results included a net positive impact of $0.6 million, or $0.02 per diluted share, from Tax Adjustments and Other Items. The 2023 first-quarte ...

Investors might want to bet on Gatx (GATX) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a chan ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Gatx (GATX) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.Gatx is one of 132 individual stocks in the Transportation sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 differe ...

United Parcel Service (UPS) gains momentum from e-commerce growth and shareholder rewards. However, elevated labor costs and weakened demand impact stock performance.Factors Favoring UPSUPS demonstrates financial strength with a robust $5.3 billion free cash flow in 2023. Shareholder-friendly actions, including a 15th consecutive annual dividend increase and a $5 billion share repurchase authorization, bode well. In 2024, UPS’ board of directors raised its quarterly cash dividend to $1.63 per share. For the ...

GATX Corporation (GATX) is benefiting from its shareholder-friendly initiatives through which it rewards its shareholders in the form of dividend payments and share repurchases.Against this backdrop, let’s look at the factors that make this stock an attractive pick.What Makes GATX an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse in the past year. Shares of GATX have gained 15.5% over the past three months.Image Source: ...

It has been about a month since the last earnings report for Gatx (GATX) . Shares have added about 1.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Gatx due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Earnings Beat in Q4 at GATXGATX Corporation’s fourth-quar ...

The Zacks  Transportation - Equipment and Leasing industry currently stands to benefit from the solid investor-friendly steps. Notably, consistent shareholder-friendly initiatives in the form of dividend payouts or share buybacks imply solid financial strength of companies in the Equipment and Leasing industry. Such moves boost investors’ confidence and positively impact the bottom line.On the flip side, the industry continues to grapple withchallenges, ranging from raging inflation, higher interest rates, ...