Donald Smith & CO. Inc. Buys Shares of 652,672 Greenbrier Companies, Inc. (The) $GBX

Donald Smith & CO. Inc. bought a new position in Greenbrier Companies, Inc. (The) (NYSE:GBX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 652,672 shares of the transportation company’s stock, valued at approximately $31,987,000.

A number of other large investors have also made changes to their positions in GBX. Meeder Asset Management Inc. bought a new position in shares of Greenbrier Companies in the 2nd quarter worth approximately $50,000. Deutsche Bank AG bought a new stake in Greenbrier Companies during the second quarter valued at approximately $3,300,000. Crown Advisors Management Inc. bought a new stake in Greenbrier Companies during the second quarter valued at approximately $1,715,000. Bank of New York Mellon Corp bought a new stake in Greenbrier Companies during the second quarter valued at approximately $18,324,000. Finally, State of Wyoming purchased a new stake in Greenbrier Companies during the second quarter valued at approximately $144,000. 95.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Wall Street Zen raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Susquehanna lowered Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Thursday, July 2nd. Finally, Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a 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 data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies Trading Up 0.5%

Shares of NYSE:GBX opened at $46.05 on Friday. The stock has a 50 day moving average of $48.53 and a 200 day moving average of $50.49. The company has a market cap of $1.42 billion, a PE ratio of 13.66 and a beta of 1.43. Greenbrier Companies, Inc. has a 12-month low of $38.23 and a 12-month high of $59.19.

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

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.0%. Greenbrier Companies’s dividend payout ratio is 40.36%.

Greenbrier Companies Profile

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.