Mengis Capital Management Inc. bought a new stake in Greenbrier Companies Inc (NYSE:GBX) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,492 shares of the transportation company’s stock, valued at approximately $239,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Angelo Gordon & CO. L.P. acquired a new position in Greenbrier Companies in the fourth quarter valued at about $2,745,000. Baird Financial Group Inc. acquired a new position in Greenbrier Companies in the fourth quarter valued at about $213,000. Employees Retirement System of Texas lifted its position in Greenbrier Companies by 87.5% in the fourth quarter. Employees Retirement System of Texas now owns 30,000 shares of the transportation company’s stock valued at $1,599,000 after buying an additional 14,000 shares during the last quarter. Systematic Financial Management LP acquired a new position in Greenbrier Companies in the fourth quarter valued at about $1,695,000. Finally, Royce & Associates LP lifted its position in Greenbrier Companies by 5.0% in the fourth quarter. Royce & Associates LP now owns 550,551 shares of the transportation company’s stock valued at $29,344,000 after buying an additional 26,058 shares during the last quarter.
Shares of Greenbrier Companies Inc (NYSE:GBX) opened at $52.40 on Wednesday. The stock has a market cap of $1,521.13, a PE ratio of 13.66, a PEG ratio of 1.35 and a beta of 1.67. Greenbrier Companies Inc has a 1 year low of $40.45 and a 1 year high of $54.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.96.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, January 26th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, January 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.76%. Greenbrier Companies’s dividend payout ratio is presently 24.86%.
In related news, EVP Alejandro Centurion sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the executive vice president now directly owns 13,523 shares in the company, valued at $703,196. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.46% of the stock is currently owned by corporate insiders.
Several analysts have recently issued reports on GBX shares. ValuEngine raised shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Seaport Global Securities started coverage on shares of Greenbrier Companies in a research report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Stifel Nicolaus set a $55.00 price target on shares of Greenbrier Companies and gave the stock a “buy” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $58.29.
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Greenbrier Companies Company Profile
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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