Vanguard Group Inc. Trims Stock Holdings in Greenbrier Companies, Inc. (The) $GBX

Vanguard Group Inc. reduced its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,824,582 shares of the transportation company’s stock after selling 69,732 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Greenbrier Companies worth $178,761,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP grew its holdings in shares of Greenbrier Companies by 6,900.0% during the third quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after buying an additional 1,104 shares in the last quarter. State of Wyoming purchased a new position in shares of Greenbrier Companies during the third quarter valued at approximately $58,000. Tower Research Capital LLC TRC boosted its position in Greenbrier Companies by 282.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock worth $140,000 after acquiring an additional 2,245 shares during the last quarter. Meeder Asset Management Inc. grew its stake in Greenbrier Companies by 404.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,362 shares of the transportation company’s stock worth $155,000 after acquiring an additional 2,695 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Greenbrier Companies in the 3rd quarter worth approximately $180,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on GBX shares. Susquehanna increased their price target on Greenbrier Companies from $52.00 to $60.00 and gave the stock a “positive” rating in a research note on Monday, January 26th. Zacks Research cut Greenbrier Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Greenbrier Companies in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Greenbrier Companies currently has a consensus rating of “Reduce” and an average price target of $49.00.

Greenbrier Companies Stock Down 0.1%

NYSE:GBX opened at $50.51 on Monday. The company has a market cap of $1.56 billion, a P/E ratio of 10.91 and a beta of 1.48. Greenbrier Companies, Inc. has a fifty-two week low of $38.23 and a fifty-two week high of $59.19. The firm’s 50 day moving average is $51.91 and its two-hundred day moving average is $49.33.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Tuesday, April 7th. The transportation company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.35). The company had revenue of $587.50 million for the quarter, compared to analysts’ expectations of $667.02 million. Greenbrier Companies had a return on equity of 8.94% and a net margin of 5.12%.The business’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. Research analysts forecast that Greenbrier Companies, Inc. will post 3.2 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, April 20th will be issued a $0.34 dividend. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, April 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.7%. Greenbrier Companies’s dividend payout ratio (DPR) is 29.37%.

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.