Greenbrier Companies, Inc. (The) $GBX Stake Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 44.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,058 shares of the transportation company’s stock after selling 15,786 shares during the quarter. Hsbc Holdings PLC’s holdings in Greenbrier Companies were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mengis Capital Management Inc. boosted its stake in Greenbrier Companies by 7.4% during the 4th quarter. Mengis Capital Management Inc. now owns 14,500 shares of the transportation company’s stock valued at $678,000 after purchasing an additional 1,000 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Greenbrier Companies by 191.5% in the 4th quarter. XTX Topco Ltd now owns 17,517 shares of the transportation company’s stock worth $819,000 after buying an additional 11,508 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Greenbrier Companies by 572.5% in the 4th quarter. Voloridge Investment Management LLC now owns 51,261 shares of the transportation company’s stock worth $2,396,000 after buying an additional 43,638 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Greenbrier Companies by 254.6% in the 4th quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock worth $86,900,000 after buying an additional 1,334,891 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Greenbrier Companies in the fourth quarter valued at $483,000. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX opened at $48.17 on Tuesday. Greenbrier Companies, Inc. has a one year low of $38.23 and a one year high of $59.19. The stock has a fifty day moving average of $48.42 and a 200-day moving average of $50.59. The company has a market capitalization of $1.49 billion, a PE ratio of 14.29 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $576.50 million for the quarter, compared to analysts’ expectations of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. As a group, research analysts forecast that Greenbrier Companies, Inc. will post 3.1 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be given a $0.34 dividend. The ex-dividend date is Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.8%. Greenbrier Companies’s dividend payout ratio (DPR) is 40.36%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings cut Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Wall Street Zen cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Sunday. Susquehanna downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $45.00.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.