Rhumbline Advisers grew its position in Greenbrier Companies Inc (NYSE:GBX) by 6.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 81,344 shares of the transportation company’s stock after acquiring an additional 5,036 shares during the period. Rhumbline Advisers owned 0.25% of Greenbrier Companies worth $4,889,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new position in shares of Greenbrier Companies in the 3rd quarter valued at $111,000. Advisors Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 2,336 shares during the last quarter. Sun Life Financial INC acquired a new stake in Greenbrier Companies in the second quarter valued at $194,000. CIBC Asset Management Inc acquired a new stake in Greenbrier Companies in the second quarter valued at $200,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in Greenbrier Companies in the third quarter valued at $210,000.
NYSE GBX opened at $43.29 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.09 and a beta of 1.84. Greenbrier Companies Inc has a twelve month low of $43.05 and a twelve month high of $64.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.76 and a quick ratio of 1.86.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, October 26th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.23). The company had revenue of $689.20 million during the quarter, compared to analyst estimates of $663.98 million. Greenbrier Companies had a net margin of 6.02% and a return on equity of 10.07%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, sell-side analysts anticipate that Greenbrier Companies Inc will post 4.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Wednesday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%. Greenbrier Companies’s payout ratio is currently 24.21%.
In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 9,954 shares of the stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $51.30, for a total transaction of $510,640.20. Following the completion of the sale, the executive vice president now directly owns 64,137 shares in the company, valued at approximately $3,290,228.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.76% of the company’s stock.
GBX has been the subject of a number of recent research reports. Stifel Nicolaus set a $62.00 price objective on Greenbrier Companies and gave the company a “buy” rating in a report on Monday, October 29th. Zacks Investment Research upgraded Greenbrier Companies from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Thursday, November 1st. Wells Fargo & Co decreased their price objective on Greenbrier Companies from $55.00 to $52.00 and set a “hold” rating for the company in a report on Monday, October 29th. UBS Group upgraded Greenbrier Companies from a “neutral” rating to a “positive” rating in a report on Monday, October 29th. Finally, ValuEngine downgraded Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $59.63.
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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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