Kornitzer Capital Management Inc. KS lowered its holdings in Greenbrier Companies Inc (NYSE:GBX) by 41.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,000 shares of the transportation company’s stock after selling 13,288 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.06% of Greenbrier Companies worth $1,142,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. United Services Automobile Association grew its holdings in Greenbrier Companies by 5.0% in the 2nd quarter. United Services Automobile Association now owns 19,870 shares of the transportation company’s stock valued at $1,048,000 after buying an additional 954 shares during the last quarter. HPM Partners LLC grew its holdings in Greenbrier Companies by 7.6% in the 2nd quarter. HPM Partners LLC now owns 90,558 shares of the transportation company’s stock valued at $4,777,000 after buying an additional 6,428 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Greenbrier Companies by 197.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,522 shares of the transportation company’s stock valued at $186,000 after buying an additional 2,336 shares during the last quarter. Legal & General Group Plc grew its holdings in Greenbrier Companies by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 61,546 shares of the transportation company’s stock valued at $3,128,000 after buying an additional 3,041 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Greenbrier Companies by 13.5% in the 3rd quarter. Arizona State Retirement System now owns 46,697 shares of the transportation company’s stock valued at $2,806,000 after buying an additional 5,558 shares during the last quarter.
Shares of NYSE:GBX opened at $44.84 on Thursday. Greenbrier Companies Inc has a 1-year low of $43.05 and a 1-year high of $64.87. The company has a market cap of $1.45 billion, a PE ratio of 10.86, a PEG ratio of 1.09 and a beta of 1.84. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of 0.32.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Friday, October 26th. The transportation company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.23). Greenbrier Companies had a return on equity of 10.07% and a net margin of 6.02%. The firm had revenue of $689.20 million for the quarter, compared to analyst estimates of $663.98 million. During the same period in the previous year, the business posted $0.86 EPS. Greenbrier Companies’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts expect that Greenbrier Companies Inc will post 4.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Tuesday, November 13th. Greenbrier Companies’s payout ratio is presently 24.21%.
A number of analysts have issued reports on GBX shares. Zacks Investment Research raised Greenbrier Companies from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, November 1st. Stifel Nicolaus set a $62.00 target price on Greenbrier Companies and gave the company a “buy” rating in a report on Monday, October 29th. ValuEngine lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Wells Fargo & Co lowered their target price on Greenbrier Companies from $55.00 to $52.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Finally, Buckingham Research lifted their price objective on Greenbrier Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.63.
In other news, EVP Mark J. Rittenbaum sold 9,954 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $51.30, for a total transaction of $510,640.20. Following the sale, the executive vice president now owns 64,137 shares of the company’s stock, valued at approximately $3,290,228.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.76% of the stock is currently owned by company insiders.
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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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