The Greenbrier Companies, Inc. (NYSE:GBX) Stake Boosted by Hennessy Advisors Inc.

Hennessy Advisors Inc. increased its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,300 shares of the transportation company’s stock after purchasing an additional 12,600 shares during the period. Hennessy Advisors Inc. owned 0.63% of Greenbrier Companies worth $12,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cullen Investment Group LTD. boosted its holdings in shares of Greenbrier Companies by 1.0% during the fourth quarter. Cullen Investment Group LTD. now owns 19,675 shares of the transportation company’s stock valued at $1,200,000 after acquiring an additional 204 shares during the period. GAMMA Investing LLC lifted its position in Greenbrier Companies by 60.9% in the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 207 shares during the last quarter. Carolina Wealth Advisors LLC boosted its stake in Greenbrier Companies by 2.4% during the 4th quarter. Carolina Wealth Advisors LLC now owns 13,859 shares of the transportation company’s stock valued at $845,000 after purchasing an additional 331 shares during the period. Nisa Investment Advisors LLC grew its position in Greenbrier Companies by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock worth $506,000 after purchasing an additional 363 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Greenbrier Companies in the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Ricardo Galvan sold 4,950 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total transaction of $321,750.00. Following the sale, the senior vice president now directly owns 27,472 shares of the company’s stock, valued at $1,785,680. The trade was a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.94, for a total value of $150,363.66. Following the sale, the chief operating officer now directly owns 50,714 shares of the company’s stock, valued at approximately $3,191,939.16. This represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is owned by insiders.

Greenbrier Companies Stock Performance

GBX opened at $66.46 on Friday. The business has a 50 day moving average price of $64.91 and a two-hundred day moving average price of $55.11. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.87. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.82 and a beta of 1.54. The Greenbrier Companies, Inc. has a 1-year low of $41.40 and a 1-year high of $69.12.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company had revenue of $875.90 million during the quarter, compared to the consensus estimate of $849.51 million. During the same period in the prior year, the company earned $0.96 EPS. Greenbrier Companies’s revenue was up 8.3% on a year-over-year basis. Research analysts predict that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, January 29th. Greenbrier Companies’s payout ratio is 20.94%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBX. Susquehanna increased their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Bank of America increased their price target on Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research note on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, Greenbrier Companies presently has an average rating of “Hold” and a consensus price target of $63.00.

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.