Allianz Asset Management GmbH reduced its position in shares of The Greenbrier Companies, Inc. (NYSE: GBX – Get Rating) by 49.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,407 shares of the transportation company stock after selling 4,316 shares during the quarter. Allianz Asset Management GmbH’s holdings in Greenbrier Companies were worth $ 202,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Citigroup Inc. raised its position in Greenbrier Companies by 19.9% during the fourth quarter. Citigroup Inc. now owns 39,777 shares of the transportation company stock worth $ 1,825,000 after acquiring an additional 6,589 shares in the last quarter. Teacher Retirement System of Texas raised its position in Greenbrier Companies by 18.5% during the fourth quarter. Teacher Retirement System of Texas now owns 6,267 shares of the transportation company stock worth $ 288,000 after acquiring an additional 977 shares in the last quarter. AlphaCrest Capital Management LLC bought a new stake in Greenbrier Companies during the fourth quarter worth $ 1,987,000. Lazard Asset Management LLC bought a new stake in Greenbrier Companies during the fourth quarter worth $ 661,000. Finally, VELA Investment Management LLC bought a new stake in Greenbrier Companies during the fourth quarter worth $ 3,615,000. 98.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE GBX opened at $ 42.29 on Monday. The company has a 50 day simple moving average of $ 43.80 and a 200 day simple moving average of $ 43.94. The firm has a market cap of $ 1.38 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 2.69 and a beta of 1.46. The Greenbrier Companies, Inc. has a 1 year low of $ 36.19 and a 1 year high of $ 53.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.10 and a quick ratio of 1.27.
Greenbrier Companies (NYSE: GBX – Get Rating) last released its earnings results on Wednesday, April 6th. The transportation company reported $ 0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $ 0.10 by $ 0.28. The business had revenue of $ 682.80 million during the quarter, compared to the estimate consensus of $ 575.76 million. Greenbrier Companies had a net margin of 3.29% and a return on equity of 5.57%. The company revenue for the quarter was up 131.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($ 0.28) EPS. As a group, research analysts anticipate that The Greenbrier Companies, Inc. will post 2.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 10th. Shareholders of record on Tuesday, April 19th were given a dividend of $ 0.27 per share. This represents a $ 1.08 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, April 18th. Greenbrier Companies’s dividend payout ratio is presently 48.21%.
In other news, insider Brian J. Comstock sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $ 45.05, for a total transaction of $ 67,575.00. Following the completion of the sale, the insider now owns 45,948 shares of the company stock, valued at approximately $ 2,069,957.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles J. Swindells sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $ 44.30, for a total transaction of $ 88,600.00. Following the sale, the director now directly owns 41,645 shares of the company stock, valued at approximately $ 1,844,873.50. The disclosure for this sale can be found here. Corporate insiders own 3.35% of the company stock.
Several equities analysts have commented on the stock. StockNews.com upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. Zacks Investment Research cut shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. TheStreet raised shares of Greenbrier Companies from a “c +” rating to a “b” rating in a report on Wednesday, April 6th. Finally, Stephens dropped their target price on shares of Greenbrier Companies from $ 63.00 to $ 59.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $ 55.50.
Greenbrier Companies Profile: (Get Rating)
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.
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