Latest news with #GATXCorporation
Yahoo
6 days ago
- Business
- Yahoo
GATX Corporation to Present at 2025 Wells Fargo Industrials and Materials Conference
CHICAGO, June 06, 2025--(BUSINESS WIRE)--Robert C. Lyons, president and chief executive officer, GATX Corporation (NYSE: GATX), will present at the 2025 Wells Fargo Industrials Conference on Tuesday, June 10, 2025. GATX's presentation will begin at 12:45 p.m. CT. To listen to a live webcast of the event, please access the appropriate link at at least 15 minutes prior to the start time. The webcast will be archived for 90 days. COMPANY DESCRIPTION At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919. AVAILABILITY OF INFORMATION ON GATX'S WEBSITE Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on under the "Investors" tab. View source version on Contacts FOR FURTHER INFORMATION CONTACT: GATX CorporationShari HellermanSenior DirectorInvestor Relations and Corporate Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 days ago
- Business
- Business Wire
GATX Corporation to Present at 2025 Wells Fargo Industrials and Materials Conference
CHICAGO--(BUSINESS WIRE)--Robert C. Lyons, president and chief executive officer, GATX Corporation (NYSE: GATX), will present at the 2025 Wells Fargo Industrials Conference on Tuesday, June 10, 2025. GATX's presentation will begin at 12:45 p.m. CT. To listen to a live webcast of the event, please access the appropriate link at at least 15 minutes prior to the start time. The webcast will be archived for 90 days. COMPANY DESCRIPTION At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919. Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on under the 'Investors' tab.
Yahoo
30-05-2025
- Business
- Yahoo
Wells Fargo Signs a Deal to Sell its $4.4 Billion Rail Asset Portfolio
The $4.4 billion rail equipment leasing division of Wells Fargo & Company (NYSE:WFC) will be sold to a joint venture between Brookfield Infrastructure and GATX Corporation. A team of bankers in suits, discussing the success of the company's banking products. The agreement covers the whole rail operating lease portfolio, which consists of about 105,000 railcars, as well as the rail finance leasing portfolio, which consists of 440 locomotives and 23,000 railcars. According to Wells Fargo & Company (NYSE:WFC), the deal fits with its plan to streamline operations and will not have a significant effect on its financials. Brookfield Infrastructure will own 70% of the business, with the possibility that GATX Corporation may eventually acquire the entire company. GATX Corporation will oversee operations and initially hold a 30% stake in the business. It's anticipated that the deal will close by Q1 2026. David Marks, executive vice president, Wells Fargo & Company (NYSE:WFC) Commercial Banking, commented: "This transaction is consistent with Wells Fargo's ongoing strategy of simplifying our businesses and focusing on products and services that are core to our clients," GATX Corporation acquires operational control, strengthening Brookfield Infrastructure's capital depth and its freight transport infrastructure network. While we acknowledge the potential of WFC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WFC and that has 100x upside potential, check out our report about this READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-04-2025
- Business
- Yahoo
GATX Corporation (GATX): Among The Best Railroad Stocks To Buy According To Billionaires
We recently published a list of . In this article, we are going to take a look at where GATX Corporation (NYSE:GATX) stands against other best railroad metals stocks to buy according to billionaires. The trade war initiated by President Trump will force freight railroads to position themselves for the chain reaction. Tariffs on Mexico, Canada, China, and Europe will set in and shake up the trade network. In 2024 alone, American railroads moved $203.1 billion worth of goods across the Canadian and Mexican borders. The rail sector remains a vital economic engine, generating $233.4 billion in output and supporting approximately 750,000 jobs in 2023. At the same time, railroads also demonstrated their commitment to long-term growth by reinvesting $26.8 billion into infrastructure last year. While much of the attention has been on autos and consumer goods, chemicals are a critical piece of the puzzle. The United States exported over $28 billion in chemicals to Canada last year and imported around $25 billion, making Canada the top supplier of chemical imports. Canada also plays a strategic role in the US critical minerals supply chains, EV battery production, and energy imports, including crude oil, natural gas, and electricity. Industry experts warn that new tariffs could drive up costs across sectors, from chemicals used in drinking water treatment to construction materials like lumber, creating potential inflationary pressure. Despite the risks, Wall Street remains cautiously optimistic. Analysts believe the supply chain could adapt, especially for goods like lumber that already face steep tariffs. Early signs suggest the administration is moving deliberately, giving companies time to adjust strategies. Railroads and freight remain central players, particularly with Mexico's auto exports, 70% of which move by rail, and chemicals are heavily reliant on cross-border logistics. Longer term, a trade war could test the strength of USMCA relationships and ripple across North American supply chains, but for now, businesses are preparing while the administration signals a phased approach. In November 2024, Joe Hinrichs, CEO of a leading US rail company, shared an insight with CNBC's Jim Cramer that still holds true today: 'From our standpoint, actually, as long as it's coming to the U.S., we're going to move it somewhere. If tariffs change the trade portfolio — as long as the economy's growing, we'll be a part of it.' Warren Buffett is a major investor in the railroad industry and has commented that the railroad industry, including BNSF, is a "better business now" than it was in the past. With that outlook in mind, let's take a look at some of the best railroad stocks that billionaires are piling into. An engineer examining a high-tech tank and freight car, showcasing the company's innovation in railcars. For this article, we focused on making a list of all railroad and railcar stocks publicly listed in the United States. Using Insider Monkey's Q4 2024 database, we examined billionaire sentiment for each stock and selected the 10 most popular ones. The stocks are ranked in ascending order based on the number of billionaire investors as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Billionaire Investors: 6 Stake Value of Billionaire Holdings: $221,505,093 GATX Corporation (NYSE:GATX) operates as a leading railcar leasing firm with a diverse fleet of railcars, locomotives, aircraft spare engines, and tank containers. The company operates across three key segments – Rail North America, Rail International, and Engine Leasing. GATX provides leasing services to industries such as petroleum, chemicals, food, and transportation. It ranks 9th on our list of the best railroad stocks to buy. On April 23, the company reported financial results for the first quarter of 2025. GATX Corporation (NYSE:GATX) reported a net income of $78.6 million, up from $74.3 million in the same quarter last year. Fleet demand stayed strong across the board. In North America, railcar utilization hit an impressive 99.2%, and lease renewals held steady with an 85.1% success rate. The company also made over $30 million from selling railcars in the secondary market. Despite uncertainty in the broader economy, leadership remains optimistic, maintaining a full-year earnings forecast of $8.30 to $8.70 per share GATX Corporation (NYSE:GATX) declared a $0.61 per share quarterly dividend on April 25. The dividend is payable on June 30, to shareholders on record as of June 13. The company has consistently paid dividends since 1919. According to Insider Monkey's Q4 2024 database, 6 billionaires held stakes in GATX Corporation (NYSE:GATX). Billionaire Israel Englander's Millennium Management was a prominent position holder in the company, with 37,442 shares worth $5.80 million. Overall, GATX ranks 9th among the best railroad stocks to buy according to billionaires. While we acknowledge the potential of GATX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GATX but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
GATX Corporation Sets Date for 2025 First-Quarter Earnings Release and Conference Call
CHICAGO, April 03, 2025--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) will report results for the 2025 first quarter prior to market open on April 23, 2025. GATX will hold a conference call to review the results later that morning. Investors may listen to the call via telephone or over the internet as follows: Live Teleconference Date: April 23, 2025 Time: 11 a.m. (Eastern Time) Domestic Dial-In: 1 (800) 715-9871 International Dial-In: 1 (646) 307-1963 Live Webcast: To participate by phone, please dial in approximately 15 minutes prior to the start time and reference the GATX conference call. To listen via webcast, click the link on GATX's homepage, Replay Information Time: Starting at 2 p.m. (Eastern Time), April 23, 2025 Domestic Dial-In: 1-800-770-2030 International Dial-In: 1-609-800-9909 Access Code: 4187876 Web Access: The replay will also be available at COMPANY DESCRIPTION At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919. AVAILABILITY OF INFORMATION ON GATX'S WEBSITE Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on under the "Investors" tab. View source version on Contacts FOR FURTHER INFORMATION CONTACT: GATX CorporationShari HellermanSenior DirectorInvestor Relations and Corporate
