Gamco Investors INC. ET AL Sells 5,000 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Gamco Investors INC. ET AL cut its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,000 shares of the transportation company’s stock after selling 5,000 shares during the period. Gamco Investors INC. ET AL owned 0.53% of Greenbrier Companies worth $8,596,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Hexagon Capital Partners LLC acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at approximately $26,000. Wetzel Investment Advisors Inc. bought a new position in shares of Greenbrier Companies in the 4th quarter valued at about $57,000. Tradewinds Capital Management LLC acquired a new position in shares of Greenbrier Companies during the 1st quarter worth about $78,000. Russell Investments Group Ltd. raised its holdings in shares of Greenbrier Companies by 404.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,806 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in Greenbrier Companies in the 1st quarter valued at about $206,000. 95.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, EVP Brian J. Comstock sold 10,000 shares of Greenbrier Companies stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $52.48, for a total value of $524,800.00. Following the completion of the sale, the executive vice president now directly owns 70,111 shares in the company, valued at $3,679,425.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.54% of the company’s stock.

Greenbrier Companies Stock Performance

NYSE:GBX traded up $1.23 during mid-day trading on Friday, hitting $50.26. 237,740 shares of the stock were exchanged, compared to its average volume of 499,073. The firm’s 50-day simple moving average is $49.89 and its 200 day simple moving average is $49.87. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.62 and a beta of 1.57. The Greenbrier Companies, Inc. has a fifty-two week low of $32.00 and a fifty-two week 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 Monday, July 8th. The transportation company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.02). The firm had revenue of $820.20 million for the quarter, compared to the consensus estimate of $928.73 million. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 EPS. As a group, equities analysts anticipate that The Greenbrier Companies, Inc. will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio is currently 31.41%.

About Greenbrier Companies

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.