Greenbrier Companies, Inc. (The) $GBX Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 156.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 44,730 shares of the transportation company’s stock after purchasing an additional 27,321 shares during the period. Engineers Gate Manager LP’s holdings in Greenbrier Companies were worth $2,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in Greenbrier Companies during the 2nd quarter valued at about $50,000. Public Employees Retirement System of Ohio purchased a new position in Greenbrier Companies in the 2nd quarter worth approximately $62,000. State of Wyoming acquired a new position in shares of Greenbrier Companies during the 2nd quarter worth approximately $144,000. PDT Partners LLC purchased a new stake in shares of Greenbrier Companies in the second quarter valued at approximately $235,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Greenbrier Companies in the first quarter valued at approximately $261,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on GBX shares. Weiss Ratings cut Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Susquehanna lowered Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Thursday, July 2nd. Wall Street Zen upgraded Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $45.00.

Greenbrier Companies Price Performance

Greenbrier Companies stock opened at $43.08 on Tuesday. The firm has a 50 day simple moving average of $46.86 and a 200-day simple moving average of $49.11. Greenbrier Companies, Inc. has a 1-year low of $38.23 and a 1-year high of $59.19. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 12.78 and a beta of 1.42.

Greenbrier Companies (NYSE:GBX) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The business’s revenue was down 31.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. Equities analysts expect that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 3.2%. Greenbrier Companies’s dividend payout ratio (DPR) is 40.36%.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc is a global manufacturer and provider of transportation equipment and services, specializing in freight railcars. The company designs and builds a broad range of railcars, including covered hopper cars, tank cars, boxcars, gondolas, intermodal platforms and automotive carriers.

Greenbrier also provides railcar leasing, fleet management and maintenance services. Its offerings include railcar refurbishment, repair, parts and logistics solutions designed to support railroads, shippers, leasing companies and other participants in the freight transportation industry.

Founded in 1974, Greenbrier serves customers primarily in North America, as well as selected international markets, including Europe and Brazil.