Olstein Capital Management L.P. increased its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 7.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 212,600 shares of the transportation company’s stock after acquiring an additional 14,026 shares during the period. Greenbrier Companies comprises approximately 1.3% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 20th largest holding. Olstein Capital Management L.P. owned 0.75% of Greenbrier Companies worth $10,237,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position in shares of Greenbrier Companies by 0.3% in the second quarter. New York State Common Retirement Fund now owns 28,900 shares of the transportation company’s stock valued at $1,337,000 after purchasing an additional 99 shares during the last quarter. First Midwest Bank Trust Division grew its position in Greenbrier Companies by 0.7% during the second quarter. First Midwest Bank Trust Division now owns 13,823 shares of the transportation company’s stock worth $639,000 after buying an additional 101 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Greenbrier Companies by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 20,989 shares of the transportation company’s stock worth $970,000 after purchasing an additional 172 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Greenbrier Companies by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 19,962 shares of the transportation company’s stock worth $923,000 after purchasing an additional 176 shares during the last quarter. Finally, Texas Permanent School Fund lifted its stake in Greenbrier Companies by 1.0% during the second quarter. Texas Permanent School Fund now owns 20,735 shares of the transportation company’s stock worth $959,000 after purchasing an additional 196 shares during the last quarter.
In other news, SVP Martin Raymond Baker sold 6,777 shares of Greenbrier Companies stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $51.81, for a total transaction of $351,116.37. Following the completion of the sale, the senior vice president now directly owns 11,030 shares of the company’s stock, valued at approximately $571,464.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Walter T. Hannan sold 22,553 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $50.29, for a total transaction of $1,134,190.37. Following the transaction, the senior vice president now directly owns 9,098 shares of the company’s stock, valued at $457,538.42. The disclosure for this sale can be found here. Insiders sold a total of 289,570 shares of company stock valued at $13,824,232 over the last quarter. 2.46% of the stock is owned by company insiders.
Greenbrier Companies, Inc. (NYSE GBX) opened at $51.15 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 3.10. The company has a market cap of $1,460.00, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.34 and a beta of 1.96. Greenbrier Companies, Inc. has a 1 year low of $39.10 and a 1 year high of $52.75.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Friday, October 27th. The transportation company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. Greenbrier Companies had a net margin of 5.35% and a return on equity of 10.75%. The company had revenue of $611.40 million for the quarter, compared to analysts’ expectations of $647.98 million. During the same quarter in the previous year, the firm posted $1.06 EPS. Greenbrier Companies’s revenue was up 2.7% on a year-over-year basis. sell-side analysts forecast that Greenbrier Companies, Inc. will post 3.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.80%. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, November 14th. Greenbrier Companies’s payout ratio is currently 25.14%.
GBX has been the subject of a number of research reports. ValuEngine upgraded Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Greenbrier Companies from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, August 29th. KeyCorp reiterated a “buy” rating and set a $60.00 price target on shares of Greenbrier Companies in a report on Tuesday, October 24th. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target (up from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Finally, Cowen restated a “buy” rating and issued a $57.00 target price on shares of Greenbrier Companies in a research note on Monday, August 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.57.
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Greenbrier Companies Profile
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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