Cerity Partners LLC increased its stake in shares of Greenbrier Companies Inc (NYSE:GBX) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,378 shares of the transportation company’s stock after buying an additional 12,105 shares during the quarter. Cerity Partners LLC owned about 0.32% of Greenbrier Companies worth $4,048,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of Greenbrier Companies by 3.9% in the third quarter. Comerica Bank now owns 31,701 shares of the transportation company’s stock worth $1,823,000 after purchasing an additional 1,200 shares in the last quarter. United Services Automobile Association grew its stake in shares of Greenbrier Companies by 5.0% in the second quarter. United Services Automobile Association now owns 19,870 shares of the transportation company’s stock worth $1,048,000 after purchasing an additional 954 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Greenbrier Companies by 197.0% in the second quarter. Advisors Asset Management Inc. now owns 3,522 shares of the transportation company’s stock worth $186,000 after purchasing an additional 2,336 shares in the last quarter. Alpha Windward LLC grew its stake in shares of Greenbrier Companies by 7.7% in the fourth quarter. Alpha Windward LLC now owns 10,020 shares of the transportation company’s stock worth $396,000 after purchasing an additional 720 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Greenbrier Companies by 13.5% in the third quarter. Arizona State Retirement System now owns 46,697 shares of the transportation company’s stock worth $2,806,000 after purchasing an additional 5,558 shares in the last quarter.
Several research analysts have recently issued reports on the company. Zacks Investment Research cut Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Stifel Nicolaus set a $62.00 target price on Greenbrier Companies and gave the company a “buy” rating in a research note on Monday, October 29th. Buckingham Research raised their target price on Greenbrier Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, October 29th. Seaport Global Securities reaffirmed a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, January 9th. Finally, Wells Fargo & Co decreased their target price on Greenbrier Companies from $52.00 to $43.00 and set a “market perform” rating for the company in a research note on Thursday, January 10th. One investment 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’s stock. Greenbrier Companies has an average rating of “Buy” and a consensus target price of $54.50.
Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, January 9th. The transportation company reported $0.54 EPS for the quarter, beating the 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 business had revenue of $604.50 million during the quarter, compared to the consensus estimate of $559.43 million. During the same period in the prior year, the business posted $0.83 earnings per share. Greenbrier Companies’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts anticipate that Greenbrier Companies Inc will post 4.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders 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 2.42%. The ex-dividend date is Tuesday, January 29th. Greenbrier Companies’s dividend payout ratio is 24.21%.
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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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