Greenbrier Companies Inc (NYSE:GBX) Shares Acquired by Arizona State Retirement System

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Arizona State Retirement System lifted its holdings in shares of Greenbrier Companies Inc (NYSE:GBX) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,269 shares of the transportation company’s stock after acquiring an additional 365 shares during the quarter. Arizona State Retirement System owned about 0.15% of Greenbrier Companies worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. HGK Asset Management Inc. lifted its stake in shares of Greenbrier Companies by 19.5% in the 2nd quarter. HGK Asset Management Inc. now owns 9,276 shares of the transportation company’s stock worth $282,000 after acquiring an additional 1,516 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Greenbrier Companies in the 2nd quarter worth approximately $283,000. NEXT Financial Group Inc lifted its stake in shares of Greenbrier Companies by 30.8% in the 2nd quarter. NEXT Financial Group Inc now owns 1,700 shares of the transportation company’s stock worth $52,000 after acquiring an additional 400 shares during the period. Hawkeye Capital Management LLC lifted its stake in shares of Greenbrier Companies by 35.2% in the 1st quarter. Hawkeye Capital Management LLC now owns 197,201 shares of the transportation company’s stock worth $6,356,000 after acquiring an additional 51,320 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Greenbrier Companies in the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 95.24% of the company’s stock.

GBX stock opened at $23.03 on Monday. Greenbrier Companies Inc has a 52-week low of $21.37 and a 52-week high of $64.87. The company’s 50 day simple moving average is $27.83 and its 200-day simple moving average is $33.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.61 and a quick ratio of 1.43. The firm has a market capitalization of $723.08 million, a P/E ratio of 5.58, a P/E/G ratio of 0.77 and a beta of 2.00.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Tuesday, July 2nd. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.07). Greenbrier Companies had a net margin of 2.38% and a return on equity of 5.81%. The firm had revenue of $856.20 million for the quarter, compared to analyst estimates of $863.24 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s revenue was up 33.5% compared to the same quarter last year. Sell-side analysts predict that Greenbrier Companies Inc will post 3.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 18th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.34%. Greenbrier Companies’s dividend payout ratio is currently 24.21%.

A number of analysts have recently weighed in on GBX shares. Buckingham Research lowered shares of Greenbrier Companies from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $34.00 to $21.00 in a research note on Wednesday, July 24th. Zacks Investment Research raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus reduced their price target on shares of Greenbrier Companies from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Wells Fargo & Co reduced their price target on shares of Greenbrier Companies from $36.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 3rd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $28.00 price target (down from $34.00) on shares of Greenbrier Companies in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Greenbrier Companies has an average rating of “Hold” and an average target price of $37.25.

About Greenbrier Companies

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.

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

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