Headquartered in Chicago, IL Fiscal year ends December NYSE: GATX gatx.com
GATX Corporation (NYSE: GATX) is a transportation asset lessor that leases railcars, aircraft spare engines, and tank containers to customers worldwide. The company operates through three principal segments: Rail North America, which owns and leases approximately 201,800 railcars including over 9,100 boxcars; Rail International, which encompasses GATX Rail Europe (approximately 36,700 cars) and Rail India (over 12,800 railcars); and Engine Leasing, which includes a 50% ownership stake in the Rolls-Royce and Partners Finance (RRPF) affiliates (468 aircraft engines) and a wholly owned portfolio of 46 aircraft engines. Founded in 1898, GATX has paid a quarterly dividend uninterrupted since 1919. The company recently completed the acquisition of the Wells Fargo Rail fleet, significantly expanding its North American railcar portfolio and making it one of the largest railcar lessors in North America. Updated
Nobody is building a competing transcontinental railroad, and that simple fact has quietly funded decades of rising dividends across four companies most investors never think about.
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GATX Corporation (NYSE: GATX) is a transportation asset lessor that leases railcars, aircraft spare engines, and tank containers to customers worldwide.
24/7 Wall St.'s 12-month price target for GATX is $227.89, rated Buy. The Wall Street consensus target is $219.50. GATX price prediction →
