Intech Investment Management LLC Lowers Position in Greenbrier Companies, Inc. (The) $GBX

Intech Investment Management LLC lessened its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 63.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,851 shares of the transportation company’s stock after selling 45,425 shares during the period. Intech Investment Management LLC’s holdings in Greenbrier Companies were worth $1,208,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Greenbrier Companies by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,894,314 shares of the transportation company’s stock worth $179,800,000 after purchasing an additional 51,624 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of Greenbrier Companies by 330.6% in the third quarter. Fox Run Management L.L.C. now owns 34,091 shares of the transportation company’s stock valued at $1,574,000 after buying an additional 26,173 shares in the last quarter. Royal Fund Management LLC increased its position in shares of Greenbrier Companies by 35.6% in the fourth quarter. Royal Fund Management LLC now owns 84,607 shares of the transportation company’s stock valued at $3,956,000 after buying an additional 22,216 shares in the last quarter. Algert Global LLC increased its position in shares of Greenbrier Companies by 106.8% in the third quarter. Algert Global LLC now owns 395,503 shares of the transportation company’s stock valued at $18,260,000 after buying an additional 204,229 shares in the last quarter. Finally, Denali Advisors LLC purchased a new stake in shares of Greenbrier Companies in the third quarter valued at approximately $1,224,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of GBX opened at $46.91 on Friday. Greenbrier Companies, Inc. has a one year low of $38.23 and a one year high of $59.19. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 10.13 and a beta of 1.44. The stock has a 50 day moving average price of $49.49 and a 200 day moving average price of $49.97.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Tuesday, April 7th. The transportation company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.35). Greenbrier Companies had a return on equity of 8.94% and a net margin of 5.12%.The firm had revenue of $587.50 million for the quarter, compared to analysts’ expectations of $667.02 million. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The firm’s revenue for the quarter was down 22.9% compared to the same quarter last year. On average, analysts predict that Greenbrier Companies, Inc. will post 3.2 earnings per share for the current year.

Greenbrier Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, April 20th were given a dividend of $0.34 per share. The ex-dividend date was Monday, April 20th. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 2.9%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 29.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GBX shares. Weiss Ratings upgraded Greenbrier Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Zacks Research cut Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.00.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.