Legal & General Group Plc raised its stake in Greenbrier Companies Inc (NYSE:GBX) by 27.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,152 shares of the transportation company’s stock after purchasing an additional 16,606 shares during the period. Legal & General Group Plc owned 0.24% of Greenbrier Companies worth $4,700,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. NEXT Financial Group Inc acquired a new stake in shares of Greenbrier Companies in the third quarter valued at approximately $111,000. Advisors Asset Management Inc. boosted its holdings in shares of Greenbrier Companies by 2,212.5% in the second quarter. Advisors Asset Management Inc. now owns 27,426 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 26,240 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of Greenbrier Companies in the third quarter valued at approximately $210,000. Trilogy Capital Inc. acquired a new stake in shares of Greenbrier Companies in the third quarter valued at approximately $221,000. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Greenbrier Companies by 39.2% in the third quarter. Riverhead Capital Management LLC now owns 4,970 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 1,400 shares during the period.
Shares of NYSE GBX opened at $39.54 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.76 and a quick ratio of 1.86. Greenbrier Companies Inc has a 1-year low of $37.44 and a 1-year high of $64.87. The firm has a market cap of $1.26 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.95 and a beta of 1.88.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. Greenbrier Companies had a return on equity of 8.87% and a net margin of 5.60%. The firm had revenue of $604.50 million during the quarter, compared to the consensus estimate of $559.43 million. During the same period last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that Greenbrier Companies Inc will post 4.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Wednesday, January 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Tuesday, January 29th. Greenbrier Companies’s dividend payout ratio is presently 24.21%.
In related news, EVP Mark J. Rittenbaum sold 9,954 shares of the stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $51.30, for a total transaction of $510,640.20. Following the completion of the sale, the executive vice president now directly owns 64,137 shares of the company’s stock, valued at $3,290,228.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.76% of the stock is owned by company insiders.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Greenbrier Companies from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Thursday, November 1st. Seaport Global Securities reissued a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, January 9th. Wells Fargo & Co decreased their price objective on Greenbrier Companies from $52.00 to $43.00 and set a “market perform” rating for the company in a report on Thursday. TheStreet downgraded Greenbrier Companies from a “b” rating to a “c+” rating in a report on Wednesday, January 9th. Finally, Mizuho dropped coverage on Greenbrier Companies in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $54.50.
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Greenbrier Companies Company Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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