Royal Bank of Canada boosted its holdings in shares of Greenbrier Companies Inc (NYSE:GBX) by 9.0% in the first quarter, HoldingsChannel.com reports. The firm owned 1,395,056 shares of the transportation company’s stock after purchasing an additional 114,869 shares during the quarter. Royal Bank of Canada’s holdings in Greenbrier Companies were worth $70,102,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp lifted its stake in Greenbrier Companies by 1.6% during the first quarter. Northern Trust Corp now owns 801,355 shares of the transportation company’s stock worth $40,269,000 after purchasing an additional 12,321 shares during the period. LSV Asset Management lifted its stake in Greenbrier Companies by 33.1% during the first quarter. LSV Asset Management now owns 774,027 shares of the transportation company’s stock worth $38,894,000 after purchasing an additional 192,600 shares during the period. Millennium Management LLC lifted its stake in Greenbrier Companies by 11.6% during the first quarter. Millennium Management LLC now owns 663,906 shares of the transportation company’s stock worth $33,361,000 after purchasing an additional 69,057 shares during the period. Renaissance Technologies LLC lifted its stake in Greenbrier Companies by 128.7% during the fourth quarter. Renaissance Technologies LLC now owns 626,000 shares of the transportation company’s stock worth $33,366,000 after purchasing an additional 352,301 shares during the period. Finally, Ceredex Value Advisors LLC bought a new position in Greenbrier Companies during the first quarter worth about $24,533,000.
Greenbrier Companies opened at $49.05 on Friday, Marketbeat.com reports. Greenbrier Companies Inc has a 1 year low of $41.45 and a 1 year high of $54.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.82 and a quick ratio of 1.95. The company has a market capitalization of $1.42 billion, a PE ratio of 13.01, a PEG ratio of 1.26 and a beta of 1.59.
Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, April 6th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Greenbrier Companies had a net margin of 6.45% and a return on equity of 10.22%. The company had revenue of $629.30 million during the quarter, compared to analysts’ expectations of $612.51 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. Greenbrier Companies’s quarterly revenue was up 11.1% compared to the same quarter last year. sell-side analysts anticipate that Greenbrier Companies Inc will post 4.15 EPS for the current year.
A number of research analysts have commented on GBX shares. Zacks Investment Research upgraded shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Thursday, March 8th. ValuEngine upgraded shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 28th. Stifel Nicolaus cut their target price on shares of Greenbrier Companies from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Sunday, April 8th. Finally, Wells Fargo & Co set a $50.00 target price on shares of Greenbrier Companies and gave the company a “hold” rating in a research note on Monday, April 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $56.75.
In related news, EVP Mark J. Rittenbaum sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $47.68, for a total value of $476,800.00. Following the completion of the sale, the executive vice president now owns 68,726 shares of the company’s stock, valued at $3,276,855.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alejandro Centurion sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $45.25, for a total transaction of $90,500.00. Following the completion of the sale, the executive vice president now directly owns 9,925 shares of the company’s stock, valued at approximately $449,106.25. The disclosure for this sale can be found here. In the last three months, insiders sold 25,100 shares of company stock valued at $1,168,428. 2.46% of the stock is currently owned by company insiders.
About Greenbrier Companies
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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