Louisiana State Employees Retirement System Invests $721,000 in Greenbrier Companies, Inc. (The) $GBX

Louisiana State Employees Retirement System purchased a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,700 shares of the transportation company’s stock, valued at approximately $721,000.

Several other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its position in Greenbrier Companies by 254.6% during the 4th quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock worth $86,900,000 after acquiring an additional 1,334,891 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Greenbrier Companies by 98.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company’s stock valued at $35,658,000 after purchasing an additional 379,314 shares during the last quarter. Algert Global LLC increased its position in Greenbrier Companies by 106.8% during the third quarter. Algert Global LLC now owns 395,503 shares of the transportation company’s stock worth $18,260,000 after buying an additional 204,229 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Greenbrier Companies by 2,223.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 160,592 shares of the transportation company’s stock worth $7,415,000 after purchasing an additional 153,679 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Greenbrier Companies by 42.6% in the second quarter. Qube Research & Technologies Ltd now owns 510,505 shares of the transportation company’s stock valued at $23,509,000 after purchasing an additional 152,524 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Greenbrier Companies Price Performance

NYSE:GBX traded down $1.33 during trading hours on Tuesday, hitting $46.99. The company’s stock had a trading volume of 7,111 shares, compared to its average volume of 453,587. The company has a market capitalization of $1.45 billion, a P/E ratio of 14.04 and a beta of 1.43. Greenbrier Companies, Inc. has a twelve month low of $38.23 and a twelve month high of $59.19. The stock has a fifty day simple moving average of $48.61 and a 200-day simple moving average of $50.58.

Greenbrier Companies (NYSE:GBX) last posted 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. The firm had revenue of $576.50 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 31.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. On average, equities analysts predict that Greenbrier Companies, Inc. will post 3.1 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.36 annualized dividend and a dividend yield of 2.9%. Greenbrier Companies’s dividend payout ratio (DPR) is 40.36%.

Greenbrier Companies Company 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.