The Greenbrier Companies, Inc. (NYSE:GBX) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 5.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,000 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Gabelli Funds LLC owned 0.30% of Greenbrier Companies worth $4,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co increased its position in shares of Greenbrier Companies by 5.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,326 shares of the transportation company’s stock worth $1,474,000 after purchasing an additional 1,517 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Greenbrier Companies during the 1st quarter worth about $369,000. PAX Financial Group LLC acquired a new stake in shares of Greenbrier Companies during the 1st quarter worth about $706,000. Chesapeake Capital Corp IL acquired a new stake in shares of Greenbrier Companies during the 1st quarter worth about $457,000. Finally, Nwam LLC acquired a new position in Greenbrier Companies in the 1st quarter valued at about $2,587,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, EVP Brian J. Comstock sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was 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 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 is available through the SEC website. 2.54% of the stock is owned by company insiders.

Greenbrier Companies Stock Up 2.5 %

Shares of Greenbrier Companies stock traded up $1.23 on Friday, reaching $50.26. 237,740 shares of the company were exchanged, compared to its average volume of 499,073. The Greenbrier Companies, Inc. has a 1-year low of $32.00 and a 1-year high of $58.00. The company has a market cap of $1.56 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The stock’s 50 day moving average price is $49.89 and its 200-day moving average price is $49.85.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Monday, July 8th. The transportation company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The company had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. During the same period in the prior year, the firm posted $1.02 earnings per share. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. As a group, equities analysts forecast that The Greenbrier Companies, Inc. will post 4.35 EPS for the current year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio is presently 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.