Dynamic Technology Lab Private Ltd acquired a new stake in Greenbrier Companies Inc (NYSE:GBX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,200 shares of the transportation company’s stock, valued at approximately $262,000.
Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Greenbrier Companies by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 360,412 shares of the transportation company’s stock worth $19,209,000 after purchasing an additional 41,034 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Greenbrier Companies by 2,080.9% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 102,500 shares of the transportation company’s stock worth $5,463,000 after purchasing an additional 97,800 shares during the period. Two Sigma Investments LP bought a new position in shares of Greenbrier Companies during the fourth quarter worth approximately $1,746,000. Alliancebernstein L.P. increased its stake in shares of Greenbrier Companies by 56.4% during the fourth quarter. Alliancebernstein L.P. now owns 93,610 shares of the transportation company’s stock worth $4,989,000 after purchasing an additional 33,770 shares during the period. Finally, Handelsbanken Fonder AB bought a new position in shares of Greenbrier Companies during the fourth quarter worth approximately $533,000.
A number of equities analysts have recently weighed in on GBX shares. Zacks Investment Research lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. ValuEngine upgraded Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 14th. Stifel Nicolaus lowered their target price on Greenbrier Companies from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Sunday, April 8th. Finally, Wells Fargo & Co set a $50.00 target price on Greenbrier Companies and gave the stock a “hold” rating in a research note on Monday, April 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.00.
In related news, EVP Mark J. Rittenbaum sold 4,899 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $52.50, for a total transaction of $257,197.50. Following the sale, the executive vice president now owns 63,837 shares of the company’s stock, valued at $3,351,442.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alejandro Centurion sold 2,000 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $45.25, for a total value of $90,500.00. Following the sale, the executive vice president now directly owns 9,925 shares in the company, valued at approximately $449,106.25. The disclosure for this sale can be found here. Insiders have sold 29,999 shares of company stock worth $1,425,626 in the last three months. 2.46% of the stock is currently owned by company insiders.
Shares of NYSE:GBX opened at $54.55 on Monday. The company has a market cap of $1.76 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.35 and a beta of 1.61. Greenbrier Companies Inc has a 1 year low of $41.45 and a 1 year high of $55.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.95 and a current ratio of 2.82.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, June 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.16. The business had revenue of $641.40 million for the quarter, compared to the consensus estimate of $668.52 million. Greenbrier Companies had a return on equity of 10.56% and a net margin of 5.92%. The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. analysts anticipate that Greenbrier Companies Inc will post 4.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 9th. Investors of record on Thursday, July 19th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, July 18th. Greenbrier Companies’s dividend payout ratio is currently 26.60%.
Greenbrier Companies Company Profile
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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