Mario Gabelli on Paramount and 5 Other Stocks

2. GATX Corporation (NYSE:GATX)

Mario Gabelli’s Stake in Q4 2023: $172.5 million

One-Year Returns as of May 7: 15.75%

GATX Corporation (NYSE:GATX) operates as a railcar lessor, managing fleets across North America, Europe, and Asia. Additionally, it holds a significant aircraft spare engine lease portfolio, jointly owned with Rolls-Royce Limited. Gabelli states that he has held GATX in his portfolio for 35 years. While its growth has been gradual, it also offers consistent dividends and he appreciates the company’s commitment to stock buybacks as well.

On April 26, GATX Corporation (NYSE:GATX) announced a quarterly dividend of $0.58 per common share. The dividend is set to be paid on June 30, 2024, to shareholders of record as of June 14, 2024. This quarterly dividend remains unchanged from the previous quarter.

At the end of the fourth quarter of 2023, 15 hedge funds in the database of Insider Monkey held stakes worth $193.2 million in GATX Corporation (NYSE:GATX), compared to 15 in the previous quarter worth $192.1 million.