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GATX Corporation
Type
Public
Traded as NYSE: GATX
S&P 400 Component
Industry Railway Equipment Leasing
Founded Chicago, Illinois, U.S. (1898 (1898))
Headquarters Chicago, Illinois, U.S.
Area served
United States
Revenue Increase US$ 1.243 billion (2012)
Net income
Increase US$ 137.3 million (2012)
Total assets Increase US$ 6.1 billion (2012)
Total equity Increase US$ 1.244 billion (2012)
Number of employees
2,046 (2012)
Divisions Rail North America
Rail International
American Steamship Company
Portfolio Management
Website gatx.com

GATX Corporation (NYSE: GATX) is an equipment finance company based in Chicago, Illinois. Founded in 1898, GATX's primary activities consist of railcar operating leasing in North America and Europe. In addition, GATX leases locomotives in North America, and also has significant investments in industrial equipment and marine assets, including ownership of the American Steamship Company, which operates on the Great Lakes. The CEO/Chairman is Brian A. Kenney.

GATX Corporation is divided into four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. Portfolio Management consists largely of the corporation's non-rail and non-Great Lakes assets.

GATX is one of several major North American rail operating lessors, and measured by fleet size, ranks as number two in this market behind GE Rail Services. Other major North American rail operating lessors include CIT, First Union, Union Tank Car Company, Trinity Industries Leasing, ARL, and Helm Financial.

GATX derives its name from its primary reporting mark for its North American railcars, "GATX". The mark itself was derived from GATX's prior corporate name, "General American Transportation". History includes GATX working with famous designer Russel Wright to develop "Meladur", a famous melamine dinnerware from 1943-1945, using Melmac by American Cyanamid which was to be used on passenger cars and in hospitals marked with the name "General American". Since all non-railroad owners of railcars must append an "X" to the end of their mark, GAT became GATX. GATX mainly applies the GATX mark to tank cars, although the mark has been used in other examples such as with hoppers; GATX's primary freightcar marks are GACX (for general-service freight cars), GGPX (for coal cars), GIMX (for intermodal cars), GPLX (for plastic pellet cars), GMTX and LLPX (for locomotives), and GPFX (for pressure-differential cars). GATX also owns a number of other marks, including GABX, GAEX, GFSX, GOHX, GSCX, IPSX, and TRIX. Many GATX cars carry a large "GATX" logo in the upper right-hand corner of the car regardless of the reporting mark they carry; this logo is applied for marketing reasons and does not have any operational significance.

The General American Transportation Corporation became GATX Rail Corporation, a unit of the GATX Corporation, on January 1, 2000.

GATX engages in both full-service and net leasing of railcars. In a full-service lease, a GATX-owned mark is applied to the car, and GATX maintains the railcar and pays for any required property insurance and property taxes. In a net lease, the lessee applies its mark to the car, and the lessee pays for any required property insurance and property taxes. Often, on a net-leased car, there is no evidence of GATX ownership, although some net lease cars carry a GATX logo.

The most common type of car in the GATX North American fleet is the tank car; other major car types include covered hoppers, open-top hoppers, and gondolas. GATX invests in nearly every type of railcar operated in North America. In Europe, tank cars also make up GATX's largest fleet, but unlike in North America, GATX's European fleet includes substantial quantities of intermodal cars which are owned in a GATX joint venture called AAE Cargo. In contrast, GATX's North American intermodal car fleet is relatively small. This is true of most North American operating lessors; historically the bulk of the industry's intermodal investment has been made by TTX Corporation, which is jointly owned by North America's Class I railroads.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-05-23 Reiterated Rating Axiom Securities Sell
2016-05-09 Initiated Coverage Wells Fargo Outperform
2016-05-09 Initiated Coverage Wells Fargo & Co. Outperform
2016-04-22 Downgrade Raymond James Outperform to Market Perform
2016-04-22 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2016-04-21 Downgrade Stifel Nicolaus Buy to Hold
2016-04-20 Boost Price Target Avondale Partners Market Perform $32.00 to $45.00
2016-04-12 Reiterated Rating Axiom Securities Sell
2016-01-22 Lower Price Target Stifel Nicolaus Buy $52.00 to $48.00
2015-12-14 Initiated Coverage Axiom Securities Sell
2015-10-25 Lower Price Target Stifel Nicolaus Buy $57.00 to $55.00
2015-10-19 Lower Price Target Stifel Nicolaus Buy $62.00 to $55.00
2015-07-24 Upgrade Stifel Nicolaus Hold to Buy $62.00
2015-04-27 Downgrade Avondale Partners Outperform to Market Perform
2014-02-07 Lower Price Target RBC Capital $52.00 to $48.00
2014-02-07 Lower Price Target Deutsche Bank $52.00 to $48.00
2014-01-17 Lower Price Target RBC Capital $55.00 to $52.00
2014-01-09 Boost Price Target Goldman Sachs $48.00 to $49.00
2014-01-06 Boost Price Target Morgan Stanley $47.00 to $49.00
2013-06-18 Downgrade Stifel Buy to Hold
2010-03-11 Initiated KeyBanc Capital Mkts Hold
2010-01-22 Downgrade JMP Securities Mkt Outperform to Mkt Perform
2009-03-30 Reiterated Jefferies & Co Hold $25 to $22
2009-01-26 Reiterated JMP Securities Mkt Outperform $34 to $31
2008-10-22 Downgrade Piper Jaffray Buy to Neutral
2008-05-15 Upgrade Morgan Keegan Mkt Perform to Outperform
2007-12-20 Initiated Sun Trust Rbsn Humphrey Neutral
2007-12-20 Initiated
2007-12-19 Initiated JP Morgan Neutral
2007-10-26 Reiterated JMP Securities Strong Buy $57 to $48
2007-10-05 Initiated Longbow Neutral
2007-04-27 Downgrade Jefferies & Co Buy to Hold $50
2007-01-26 Upgrade Jefferies & Co Hold to Buy $50
2016-05-23 Reiterated Rating Axiom Securities Sell
2016-05-09 Initiated Coverage Wells Fargo Outperform
2016-05-09 Initiated Coverage Wells Fargo & Co. Outperform
2016-04-22 Downgrade Raymond James Outperform to Market Perform
2016-04-22 Downgrade Raymond James Financial Inc. Outperform to Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KENNEY BRIAN A Chairman, President and CEO 366388.64%  (161211) GMT / USG /
Earl James F EVP and Pres., GATX Rail Intl. 188315.91%  (82859) GMT / HSC /
Sutherland David 138054.55%  (60744) GMT / IPS / X /
LYONS ROBERT C Exec. VP and CFO 100120.45%  (44053) GMT / PKG /
McGrath Mark G 85497.73%  (37619) AWRE / GMT /
SYLLA CASEY 81640.91%  (35922) GMT /
Golden Deborah A EVP, Gen. Counsel and Secy 71859.09%  (31618) GMT / MSBI /
REAM JAMES B 70293.18%  (30929) AAL / GMT /
Ritchie Robert J. 59575.00%  (26213) GMT /
GLENN CURT F Sr. VP, Portfolio Management 57472.73%  (25288) GMT /
HABERLI ERNST A 57454.55%  (25280) GMT /
Ellman Thomas A. SVP & Chief Commercial Officer 55972.73%  (24628) GMT /
YOVOVICH PAUL G 49647.73%  (21845) GMT / HCKT /
Arvia Anne L 47304.55%  (20814) GMT /
Brooks Michael T. Sr. VP & CIO 34020.45%  (14969) GMT /
Lawler Mary Katherine Sr. VP HR 30075.00%  (13233) GMT / ITW /
Wilson Stephen R 23643.18%  (10403) AEE / CF / GMT /
MUCKIAN WILLIAM M Sr. VP and Controller 23090.91%  (10160) GMT /
Harkness Eric D. VP, Treas. & Chief Risk Off. 11638.64%  (5121) GMT /
Young Jeffery R. Vice President, Tax 11281.82%  (4964) GMT /
Matthews Nicholas J. VP & Group Exec. - Operations 9875.00%  (4345) ESSX / GMT /
Aigotti Diane 7570.45%  (3331) GMT / PVTB /
Titterton Paul F VP & Chief Commercial Officer 3086.36%  (1358) GMT /