S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
NYSE:GATX

GATX (GATX) Stock Price, News & Analysis

$127.66
+0.82 (+0.65%)
(As of 03/1/2024 ET)
Today's Range
$126.27
$128.27
50-Day Range
$116.33
$129.44
52-Week Range
$97.21
$133.01
Volume
96,300 shs
Average Volume
146,455 shs
Market Capitalization
$4.53 billion
P/E Ratio
17.85
Dividend Yield
1.72%
Price Target
$134.50

GATX MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
5.4% Upside
$134.50 Price Target
Short Interest
Healthy
3.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.41mentions of GATX in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$4.75 M Sold Last Quarter
Proj. Earnings Growth
4.12%
From $7.53 to $7.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.95 out of 5 stars

Transportation Sector

75th out of 115 stocks

Transportation Services Industry

7th out of 16 stocks


GATX stock logo

About GATX Stock (NYSE: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 works, wheelset replacements, interior blast and lining, exterior blast and painting, and car stenciling services. In addition, the company manufactures commercial aircraft jet engines and leases aircraft spare engines; and owns and manages tank containers that are leased to chemical, industrial gas, energy, food, cryogenic and pharmaceutical industries, and tank container operators, as well as provides tank container sourcing, remarketing, and inspection and maintenance services. As of December 31, 2023, it owned and operated a fleet of approximately 148,500 railcars; 493 four-axle and 30 six-axle locomotives; 399 aircraft spare engines; and 23,931 tank containers. GATX Corporation was founded in 1898 and is headquartered in Chicago, Illinois.

GATX Stock Price History

GATX Stock News Headlines

3 transportation stocks gearing up for a new rally (GATX)
Traders at the big banks are going to be jumping all over this industry, and we've found the attractive names for your consideration
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
GATX Mar 2024 110.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
GATX Rewards Shareholders With Dividend Increase of 5.5%
GATX Surpasses Q4 Earnings Estimates, Misses on Revenues
GATX Corporation Adds John Holmes to Board of Directors
GATX Corporation Announces Quarterly Dividend Increase
GATX raises quarterly dividend by 5.5% to $0.58 /share
Q4 2023 GATX Corp Earnings Call
GATX 4Q Earnings Rise on Higher Railcar Lease Rates
GATX Corp. Expects Full Year 2024 Earnings To Improve
Gatx (GATX) Tops Q4 Earnings Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 12/31 Dividend
12/14/2023
Dividend Payable
12/31/2023
Last Earnings
1/23/2024
Ex-Dividend for 3/31 Dividend
2/29/2024
Today
3/01/2024
Dividend Payable
3/31/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Transportation services
Sub-Industry
Trading Companies & Distributors
CUSIP
36144810
Employees
2,020
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$134.50
High Stock Price Target
$142.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+5.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$259.20 million
Pretax Margin
17.40%

Debt

Sales & Book Value

Annual Sales
$1.41 billion
Cash Flow
$18.66 per share
Book Value
$64.03 per share

Miscellaneous

Free Float
34,861,000
Market Cap
$4.53 billion
Optionable
Optionable
Beta
0.98
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GATX Stock Analysis - Frequently Asked Questions

Should I buy or sell GATX stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GATX in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GATX shares.
View GATX analyst ratings
or view top-rated stocks.

What is GATX's stock price target for 2024?

4 brokerages have issued 12 month price objectives for GATX's shares. Their GATX share price targets range from $120.00 to $142.00. On average, they anticipate the company's share price to reach $134.50 in the next twelve months. This suggests a possible upside of 5.4% from the stock's current price.
View analysts price targets for GATX
or view top-rated stocks among Wall Street analysts.

How have GATX shares performed in 2024?

GATX's stock was trading at $120.22 at the beginning of 2024. Since then, GATX shares have increased by 6.2% and is now trading at $127.66.
View the best growth stocks for 2024 here
.

Are investors shorting GATX?

GATX saw a decline in short interest in February. As of February 15th, there was short interest totaling 1,140,000 shares, a decline of 13.6% from the January 31st total of 1,320,000 shares. Based on an average daily volume of 138,400 shares, the short-interest ratio is currently 8.2 days. Currently, 3.3% of the company's shares are sold short.
View GATX's Short Interest
.

When is GATX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our GATX earnings forecast
.

How were GATX's earnings last quarter?

GATX Co. (NYSE:GATX) released its quarterly earnings data on Tuesday, January, 23rd. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.16. The transportation company had revenue of $368.70 million for the quarter, compared to analysts' expectations of $365.32 million. GATX had a trailing twelve-month return on equity of 11.81% and a net margin of 18.37%. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share.

How often does GATX pay dividends? What is the dividend yield for GATX?

GATX announced a quarterly dividend on Friday, January 26th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.58 per share on Sunday, March 31st. This represents a $2.32 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for GATX
.

Is GATX a good dividend stock?

GATX (NYSE:GATX) pays an annual dividend of $2.20 per share and currently has a dividend yield of 1.76%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GATX will have a dividend payout ratio of 28.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GATX.

What guidance has GATX issued on next quarter's earnings?

GATX updated its FY 2024 earnings guidance on Tuesday, January, 23rd. The company provided earnings per share (EPS) guidance of 7.300-7.700 for the period, compared to the consensus estimate of 7.000. The company issued revenue guidance of -.

What other stocks do shareholders of GATX own?
Who are GATX's major shareholders?

GATX's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Farm Mutual Automobile Insurance Co. (15.95%), Vanguard Group Inc. (11.04%), Dimensional Fund Advisors LP (6.20%), Gamco Investors INC. ET AL (4.04%), Gabelli Funds LLC (3.22%) and Sei Investments Co. (2.21%). Insiders that own company stock include Aken Jennifer Van, Brian A Kenney, Brian A Kenney, Deborah A Golden, Deborah A Golden, James M Conniff, James M Conniff, Jeffery R Young, Jennifer Mcmanus, John Sbragia, Necati Gokce Tezel, Niyi Adedoyin, Paul F Titterton, Robert C Lyons, Robert Zmudka and Thomas A Ellman.
View institutional ownership trends
.

How do I buy shares of GATX?

Shares of GATX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GATX) was last updated on 3/2/2024 by MarketBeat.com Staff