SummerHaven Investment Management LLC Boosts Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

SummerHaven Investment Management LLC lifted its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,596 shares of the transportation company’s stock after acquiring an additional 254 shares during the quarter. SummerHaven Investment Management LLC owned 0.05% of Greenbrier Companies worth $733,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Gladius Capital Management LP acquired a new position in Greenbrier Companies during the 3rd quarter worth $31,000. BluePath Capital Management LLC acquired a new position in Greenbrier Companies in the third quarter worth about $32,000. Allspring Global Investments Holdings LLC bought a new stake in Greenbrier Companies in the third quarter valued at about $45,000. Wetzel Investment Advisors Inc. acquired a new stake in Greenbrier Companies during the fourth quarter valued at approximately $57,000. Finally, Russell Investments Group Ltd. grew its position in shares of Greenbrier Companies by 404.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock worth $100,000 after acquiring an additional 1,806 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Trading Down 2.9 %

Greenbrier Companies stock opened at $51.03 on Tuesday. The Greenbrier Companies, Inc. has a 52-week low of $25.41 and a 52-week high of $58.00. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.82 and a beta of 1.66. The firm has a 50-day moving average price of $51.11 and a two-hundred day moving average price of $45.16.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.28. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. The company had revenue of $862.70 million for the quarter, compared to analysts’ expectations of $841.58 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. Sell-side analysts expect that The Greenbrier Companies, Inc. will post 4.13 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 23rd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.35%. The ex-dividend date is Monday, April 22nd. Greenbrier Companies’s payout ratio is currently 35.29%.

Insider Activity at Greenbrier Companies

In related news, Director Wanda F. Felton sold 4,185 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $46.65, for a total transaction of $195,230.25. Following the sale, the director now owns 7,365 shares of the company’s stock, valued at $343,577.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Wanda F. Felton sold 4,185 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total value of $195,230.25. Following the sale, the director now directly owns 7,365 shares in the company, valued at approximately $343,577.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lorie Tekorius sold 9,642 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $52.00, for a total value of $501,384.00. Following the sale, the chief executive officer now owns 226,611 shares of the company’s stock, valued at approximately $11,783,772. The disclosure for this sale can be found here. Insiders sold 32,907 shares of company stock worth $1,697,468 in the last 90 days. Corporate insiders own 2.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GBX. Susquehanna boosted their target price on shares of Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. TD Cowen increased their price objective on shares of Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. TheStreet upgraded Greenbrier Companies from a “c+” rating to a “b” rating in a research note on Friday, January 5th. Finally, Stephens upped their target price on Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.00.

Greenbrier Companies Profile

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.