Dean Investment Associates LLC Acquires 44,320 Shares of Greenbrier Companies Inc (GBX)

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Dean Investment Associates LLC boosted its holdings in shares of Greenbrier Companies Inc (NYSE:GBX) by 38.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 160,445 shares of the transportation company’s stock after buying an additional 44,320 shares during the quarter. Dean Investment Associates LLC’s holdings in Greenbrier Companies were worth $5,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flagship Harbor Advisors LLC raised its position in Greenbrier Companies by 160.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 650 shares of the transportation company’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Investors Research Corp purchased a new position in Greenbrier Companies during the 1st quarter worth approximately $74,000. Cambria Investment Management L.P. purchased a new position in Greenbrier Companies during the 1st quarter worth approximately $92,000. Roosevelt Investment Group Inc. purchased a new position in Greenbrier Companies during the 4th quarter worth approximately $226,000. Finally, BOKF NA purchased a new position in Greenbrier Companies during the 4th quarter worth approximately $229,000.

In other news, SVP Martin Raymond Baker sold 2,000 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $35.53, for a total transaction of $71,060.00. Following the completion of the transaction, the senior vice president now directly owns 26,284 shares of the company’s stock, valued at approximately $933,870.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark J. Rittenbaum sold 7,603 shares of Greenbrier Companies stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $35.94, for a total transaction of $273,251.82. Following the transaction, the executive vice president now directly owns 63,837 shares of the company’s stock, valued at $2,294,301.78. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

A number of research firms have issued reports on GBX. Stifel Nicolaus set a $44.00 price target on shares of Greenbrier Companies and gave the stock a “buy” rating in a research report on Monday, April 22nd. Cowen reissued a “buy” rating and set a $49.00 price target on shares of Greenbrier Companies in a research report on Wednesday, April 10th. Zacks Investment Research lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Buckingham Research reduced their price target on shares of Greenbrier Companies from $41.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, March 27th. Finally, Wells Fargo & Co reduced their price target on shares of Greenbrier Companies from $43.00 to $36.00 and set a “market perform” rating for the company in a research report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Greenbrier Companies has an average rating of “Hold” and an average price target of $47.00.

NYSE:GBX opened at $31.03 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.56 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.02 billion, a PE ratio of 7.51, a PEG ratio of 0.92 and a beta of 1.85. Greenbrier Companies Inc has a 1-year low of $30.50 and a 1-year high of $64.87.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, April 5th. The transportation company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $658.70 million during the quarter, compared to analyst estimates of $649.42 million. Greenbrier Companies had a net margin of 3.26% and a return on equity of 6.81%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 EPS. Analysts expect that Greenbrier Companies Inc will post 3.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, April 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, April 23rd. Greenbrier Companies’s dividend payout ratio (DPR) is 24.21%.

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Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

Read More: How is Preferred Stock Different from Common Stock?

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Institutional Ownership by Quarter for Greenbrier Companies (NYSE:GBX)

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