Empowered Funds LLC Acquires New Shares in Greenbrier Companies, Inc. (The) $GBX

Empowered Funds LLC bought a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 143,012 shares of the transportation company’s stock, valued at approximately $7,009,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GBX. Dimensional Fund Advisors LP increased its holdings in shares of Greenbrier Companies by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,979,546 shares of the transportation company’s stock worth $104,222,000 after acquiring an additional 13,153 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Greenbrier Companies by 254.6% during the 4th quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock valued at $86,900,000 after purchasing an additional 1,334,891 shares in the last quarter. LSV Asset Management grew its position in shares of Greenbrier Companies by 18.4% in the 4th quarter. LSV Asset Management now owns 789,711 shares of the transportation company’s stock valued at $36,911,000 after purchasing an additional 122,709 shares during the period. Atlas FRM LLC acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at approximately $38,599,688. Finally, Goldman Sachs Group Inc. increased its stake in Greenbrier Companies by 98.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company’s stock worth $35,658,000 after purchasing an additional 379,314 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Price Performance

GBX stock opened at $45.95 on Monday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 13.64 and a beta of 1.43. The business has a 50-day moving average of $48.20 and a 200-day moving average of $50.21. Greenbrier Companies, Inc. has a fifty-two week low of $38.23 and a fifty-two week high of $59.19.

Greenbrier Companies (NYSE:GBX) last announced 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 business had revenue of $576.50 million for the quarter, compared to analyst estimates of $612.69 million. During the same quarter last year, the firm earned $1.86 EPS. Greenbrier Companies’s revenue for the quarter was down 31.6% compared to the same quarter last year. Equities analysts expect that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.

Greenbrier Companies Dividend Announcement

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

Analyst Ratings Changes

GBX has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wall Street Zen upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Susquehanna downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $45.00.

About Greenbrier Companies

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.