Greenbrier Companies, Inc. (The) $GBX Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 44.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,058 shares of the transportation company’s stock after selling 15,786 shares during the period. Hsbc Holdings PLC owned 0.06% of Greenbrier Companies worth $938,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GBX. Austin Asset Management Co Inc grew its stake in Greenbrier Companies by 0.9% during the 4th quarter. Austin Asset Management Co Inc now owns 21,403 shares of the transportation company’s stock worth $1,000,000 after buying an additional 200 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Greenbrier Companies by 2.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,114 shares of the transportation company’s stock valued at $333,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Greenbrier Companies by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 17,188 shares of the transportation company’s stock valued at $802,000 after buying an additional 217 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Greenbrier Companies by 1.6% during the second quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company’s stock valued at $1,324,000 after acquiring an additional 454 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Greenbrier Companies by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company’s stock valued at $747,000 after acquiring an additional 470 shares during the period. Institutional investors own 95.59% of the company’s stock.

Analyst Upgrades and Downgrades

GBX has been the subject of several recent research reports. Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Sunday. Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Thursday, July 2nd. Finally, Weiss Ratings cut shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock opened at $48.17 on Tuesday. The business’s fifty day moving average price is $48.42 and its two-hundred day moving average price is $50.59. The company has a market capitalization of $1.49 billion, a P/E ratio of 14.29 and a beta of 1.43. Greenbrier Companies, Inc. has a 1-year low of $38.23 and a 1-year high of $59.19.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $576.50 million during the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The firm’s quarterly revenue was down 31.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 EPS. On average, research analysts expect that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 2.8%. Greenbrier Companies’s dividend payout ratio is presently 40.36%.

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.