Dynamic Technology Lab Private Ltd purchased a new position in shares of Greenbrier Companies Inc (NYSE:GBX) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 14,442 shares of the transportation company’s stock, valued at approximately $465,000.
A number of other large investors also recently made changes to their positions in GBX. Cutler Group LP acquired a new stake in Greenbrier Companies during the 1st quarter worth $25,000. Investors Research Corp acquired a new position in Greenbrier Companies in the first quarter valued at $74,000. Cambria Investment Management L.P. acquired a new position in Greenbrier Companies in the first quarter valued at $92,000. Roosevelt Investment Group Inc. acquired a new position in Greenbrier Companies in the fourth quarter valued at $226,000. Finally, BOKF NA acquired a new position in Greenbrier Companies in the fourth quarter valued at $229,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.
GBX has been the topic of a number of recent research reports. Wells Fargo & Co dropped their price objective on shares of Greenbrier Companies from $43.00 to $36.00 and set a “market perform” rating on the stock in a research note on Monday, March 25th. Zacks Investment Research lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. ValuEngine lowered shares of Greenbrier Companies from a “sell” rating to a “strong sell” rating in a research note on Friday, February 22nd. Stifel Nicolaus set a $44.00 price objective on shares of Greenbrier Companies and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Cowen restated a “buy” rating and issued a $49.00 price objective on shares of Greenbrier Companies in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.25.
Greenbrier Companies (NYSE:GBX) last issued its earnings results on Friday, April 5th. The transportation company reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $658.70 million for the quarter, compared to the consensus estimate of $649.42 million. Greenbrier Companies had a net margin of 3.26% and a return on equity of 6.81%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Equities analysts anticipate that Greenbrier Companies Inc will post 3.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, April 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Tuesday, April 23rd. Greenbrier Companies’s payout ratio is 24.21%.
In other news, EVP Mark J. Rittenbaum sold 7,603 shares of Greenbrier Companies stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $35.94, for a total value of $273,251.82. Following the sale, the executive vice president now owns 63,837 shares of the company’s stock, valued at $2,294,301.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Martin Raymond Baker sold 2,000 shares of Greenbrier Companies stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $35.53, for a total transaction of $71,060.00. Following the completion of the sale, the senior vice president now directly owns 26,284 shares in the company, valued at approximately $933,870.52. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.
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About Greenbrier Companies
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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