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GATX Corp.

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GATX Corporation delivered mixed numbers in the fourth quarter of 2015, beating on earnings but missing revenues.  Lower marine operating revenues hurt the top line. GATX expects 2016 earnings per share to come in at the upper range of the company’s previously projected band of $5.25 to $5.45.  Slow economic growth, financial market volatility and other factors have resulted in weak customer demand for some of the company’s assets like railcars, which in turn, has led to lower volumes. However, we are impressed by the company’s efforts to reward its shareholders through share buybacks and dividend payments.

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