1 day Ago By ABMN Staff
Geode Capital Management LLC trimmed its holdings in shares of The Greenbrier Companies, Inc. ( NYSE:GBX – Free Report ) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 709,433 shares of the transportation company’s stock after selling 2,498 shares during the period. Geode Capital Management LLC owned about 2.26% of Greenbrier Companies worth $43,279,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GBX. Alliancebernstein L.P.
lifted its holdings in shares of Greenbrier Companies by 0.6% during the 4th quarter. Alliancebernstein L.
P. now owns 32,993 shares of the transportation company’s stock valued at $2,012,000 after acquiring an additional 196 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Greenbrier Companies during the fourth quarter worth about $9,671,000.
Norges Bank purchased a new stake in shares of Greenbrier Companies in the fourth quarter worth about $14,257,000. EntryPoint Capital LLC acquired a new stake in shares of Greenbrier Companies in the fourth quarter valued at about $719,000. Finally, LPL Financial LLC raised its holdings in shares of Greenbrier Companies by 4.
5% during the 4th quarter. LPL Financial LLC now owns 12,728 shares of the transportation company’s stock valued at $776,000 after buying an additional 550 shares during the period. 95.
59% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of research firms have weighed in on GBX. Bank of America upped their price target on Greenbrier Companies from $60.
00 to $62.00 and gave the stock an “underperform” rating in a report on Thursday, January 9th. Susquehanna decreased their target price on shares of Greenbrier Companies from $75.
00 to $52.00 and set a “positive” rating for the company in a research note on Tuesday, April 8th. Insider Transactions at Greenbrier Companies In related news, COO William J.
Krueger sold 2,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.
00. Following the transaction, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94.
This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink .
Corporate insiders own 1.78% of the company’s stock. Greenbrier Companies Trading Up 0.
5 % Shares of GBX opened at $40.95 on Tuesday. The company has a debt-to-equity ratio of 0.
89, a quick ratio of 0.84 and a current ratio of 1.53.
The Greenbrier Companies, Inc. has a one year low of $37.77 and a one year high of $71.
06. The stock has a 50-day moving average price of $53.38 and a 200 day moving average price of $59.
05. The company has a market capitalization of $1.29 billion, a P/E ratio of 7.
15, a P/E/G ratio of 0.80 and a beta of 1.56.
Greenbrier Companies ( NYSE:GBX – Get Free Report ) last released its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.
78 by ($0.09). The company had revenue of $762.
10 million for the quarter, compared to analyst estimates of $898.53 million. Greenbrier Companies had a return on equity of 12.
10% and a net margin of 5.10%. The firm’s quarterly revenue was down 11.
7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS.
Sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.
Greenbrier Companies Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be paid a $0.32 dividend.
This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.13%.
The ex-dividend date is Tuesday, April 22nd. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.30.
Greenbrier Companies’s dividend payout ratio is 20.45%. Greenbrier Companies Profile ( Free Report ) The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America.
It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars. Read More Want to see what other hedge funds are holding GBX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Greenbrier Companies, Inc. ( NYSE:GBX – Free Report ). Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.
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