Freestone Grove Partners LP Invests $1.65 Million in Greenbrier Companies, Inc. (The) $GBX

Freestone Grove Partners LP purchased a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) in the second quarter, Holdings Channel reports. The firm purchased 33,707 shares of the transportation company’s stock, valued at approximately $1,652,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Greenbrier Companies by 19.9% during the first quarter. AQR Capital Management LLC now owns 13,053 shares of the transportation company’s stock worth $669,000 after purchasing an additional 2,170 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Greenbrier Companies by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,399 shares of the transportation company’s stock valued at $4,323,000 after purchasing an additional 3,121 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Greenbrier Companies by 22.4% during the first quarter. Intech Investment Management LLC now owns 33,244 shares of the transportation company’s stock worth $1,703,000 after purchasing an additional 6,073 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Greenbrier Companies by 85.3% during the second quarter. Hsbc Holdings PLC now owns 12,002 shares of the transportation company’s stock worth $557,000 after purchasing an additional 5,525 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Greenbrier Companies by 9.0% in the 2nd quarter. Invesco Ltd. now owns 477,218 shares of the transportation company’s stock worth $21,976,000 after buying an additional 39,350 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $45.95 on Friday. Greenbrier Companies, Inc. has a 1-year low of $38.23 and a 1-year high of $59.19. The business’s fifty day moving average price is $48.20 and its two-hundred day moving average price is $50.24. The firm has a market capitalization of $1.42 billion, a PE ratio of 13.64 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company had revenue of $576.50 million for the quarter, compared to analysts’ expectations of $612.69 million. During the same period last year, the business posted $1.86 earnings per share. The firm’s quarterly revenue was down 31.6% compared to the same quarter last year. Equities research analysts expect that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Thursday, July 16th were given a $0.34 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 3.0%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 40.36%.

Analysts Set New Price Targets

Several research firms have recently commented on GBX. Wall Street Zen raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective 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 downgraded Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies 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.