Tradewinds Capital Management LLC Purchases New Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

Tradewinds Capital Management LLC bought a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the transportation company’s stock, valued at approximately $78,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Greenbrier Companies in the 4th quarter valued at approximately $10,242,000. American Century Companies Inc. lifted its stake in Greenbrier Companies by 306.6% in the 3rd quarter. American Century Companies Inc. now owns 255,503 shares of the transportation company’s stock valued at $10,220,000 after buying an additional 192,657 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Greenbrier Companies in the 3rd quarter valued at approximately $4,710,000. Victory Capital Management Inc. lifted its stake in Greenbrier Companies by 74.9% in the 4th quarter. Victory Capital Management Inc. now owns 192,667 shares of the transportation company’s stock valued at $8,512,000 after buying an additional 82,540 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Greenbrier Companies in the 1st quarter valued at approximately $3,840,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insider Activity

In related news, SVP William Glenn sold 5,800 shares of Greenbrier Companies stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $51.87, for a total transaction of $300,846.00. Following the transaction, the senior vice president now owns 33,211 shares of the company’s stock, valued at approximately $1,722,654.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP William Glenn sold 5,800 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $51.87, for a total value of $300,846.00. Following the completion of the sale, the senior vice president now owns 33,211 shares of the company’s stock, valued at $1,722,654.57. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian J. Comstock sold 10,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.48, for a total transaction of $524,800.00. Following the completion of the sale, the executive vice president now directly owns 70,111 shares of the company’s stock, valued at approximately $3,679,425.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,176 shares of company stock valued at $2,104,013. 2.54% of the stock is currently owned by insiders.

Greenbrier Companies Price Performance

Shares of NYSE:GBX traded up $1.31 during midday trading on Wednesday, reaching $50.33. 137,108 shares of the company’s stock were exchanged, compared to its average volume of 323,080. The company’s 50 day simple moving average is $51.53 and its two-hundred day simple moving average is $49.50. The firm has a market capitalization of $1.57 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.69 and a beta of 1.57. The Greenbrier Companies, Inc. has a 12 month low of $32.00 and a 12 month high of $58.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.28. The firm had revenue of $862.70 million during the quarter, compared to analysts’ expectations of $841.58 million. Greenbrier Companies had a net margin of 2.97% and a return on equity of 9.05%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. Equities research analysts expect that The Greenbrier Companies, Inc. will post 4.23 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Monday, April 22nd. Greenbrier Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

Several research analysts have weighed in on GBX shares. Susquehanna boosted their price target on Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. TD Cowen increased their price target on Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Stephens upped their price objective on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.00.

Greenbrier Companies Company Profile

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; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.