Clark Estates Inc. NY maintained its position in Greenbrier Companies Inc (NYSE:GBX) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,000 shares of the transportation company’s stock at the end of the first quarter. Clark Estates Inc. NY owned approximately 0.28% of Greenbrier Companies worth $3,448,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in Greenbrier Companies by 3.6% in the third quarter. Capstone Asset Management Co. now owns 14,376 shares of the transportation company’s stock valued at $507,000 after buying an additional 500 shares during the period. Bank of Montreal Can increased its stake in shares of Greenbrier Companies by 113.8% in the third quarter. Bank of Montreal Can now owns 63,965 shares of the transportation company’s stock valued at $2,258,000 after buying an additional 34,044 shares during the period. Boston Advisors LLC acquired a new stake in shares of Greenbrier Companies during the third quarter valued at about $4,833,000. Bank of New York Mellon Corp increased its stake in shares of Greenbrier Companies by 6.7% in the third quarter. Bank of New York Mellon Corp now owns 705,161 shares of the transportation company’s stock valued at $24,893,000 after buying an additional 44,203 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Greenbrier Companies during the third quarter valued at about $315,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.
Greenbrier Companies Inc (NYSE:GBX) traded down 0.45% during trading on Friday, reaching $44.45. The company’s stock had a trading volume of 466,107 shares. The firm has a market capitalization of $1.26 billion, a P/E ratio of 10.97 and a beta of 2.13. Greenbrier Companies Inc has a one year low of $25.90 and a one year high of $49.50. The stock has a 50-day moving average of $43.37 and a 200 day moving average of $41.14.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, April 5th. The transportation company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The company earned $566.30 million during the quarter, compared to analyst estimates of $522.48 million. Greenbrier Companies had a return on equity of 13.98% and a net margin of 5.71%. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 earnings per share. On average, equities research analysts predict that Greenbrier Companies Inc will post $3.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Tuesday, April 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.98%. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, April 13th. Greenbrier Companies’s dividend payout ratio is presently 19.18%.
GBX has been the topic of several recent analyst reports. Bank of America Corp raised Greenbrier Companies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $59.00 in a research note on Thursday, April 6th. CLSA downgraded Greenbrier Companies from an “underperform” rating to a “sell” rating in a research note on Thursday, January 19th. Zacks Investment Research downgraded Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Stifel Nicolaus reissued a “hold” rating and set a $43.00 target price (up previously from $33.00) on shares of Greenbrier Companies in a research note on Wednesday, January 11th. Finally, Cowen and Company lifted their target price on Greenbrier Companies from $39.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, January 10th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Greenbrier Companies currently has a consensus rating of “Hold” and a consensus price target of $44.65.
In other news, EVP Alejandro Centurion sold 8,000 shares of the firm’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $48.10, for a total transaction of $384,800.00. Following the completion of the transaction, the executive vice president now directly owns 17,002 shares in the company, valued at $817,796.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark J. Rittenbaum sold 3,150 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $47.60, for a total value of $149,940.00. Following the transaction, the executive vice president now owns 63,899 shares of the company’s stock, valued at $3,041,592.40. The disclosure for this sale can be found here. Insiders sold 20,976 shares of company stock valued at $998,822 over the last quarter. 4.60% of the stock is currently owned by company insiders.
About Greenbrier Companies
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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