VELA Investment Management LLC Boosts Holdings in Greenbrier Companies, Inc. (The) $GBX

VELA Investment Management LLC grew its position in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,695 shares of the transportation company’s stock after buying an additional 12,269 shares during the period. Greenbrier Companies accounts for approximately 1.0% of VELA Investment Management LLC’s investment portfolio, making the stock its 26th largest position. VELA Investment Management LLC’s holdings in Greenbrier Companies were worth $4,333,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Greenbrier Companies by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,894,314 shares of the transportation company’s stock valued at $179,800,000 after buying an additional 51,624 shares during the period. LSV Asset Management lifted its holdings in shares of Greenbrier Companies by 1.8% in the 3rd quarter. LSV Asset Management now owns 667,002 shares of the transportation company’s stock worth $30,795,000 after acquiring an additional 11,538 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Greenbrier Companies by 26.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 642,992 shares of the transportation company’s stock worth $29,687,000 after acquiring an additional 132,487 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Greenbrier Companies by 9.0% in the 2nd quarter. Invesco Ltd. now owns 477,218 shares of the transportation company’s stock worth $21,976,000 after acquiring an additional 39,350 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Greenbrier Companies by 1.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 416,979 shares of the transportation company’s stock worth $19,252,000 after acquiring an additional 5,849 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Trading Up 1.9%

Shares of GBX opened at $50.06 on Friday. Greenbrier Companies, Inc. has a twelve month low of $38.23 and a twelve month high of $59.19. The firm’s fifty day simple moving average is $52.41 and its 200-day simple moving average is $49.20. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 2.89 and a beta of 1.48.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Tuesday, April 7th. The transportation company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.35). Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The firm had revenue of $587.50 million during the quarter, compared to analyst estimates of $667.02 million. During the same quarter in the previous year, the business posted $1.56 earnings per share. Greenbrier Companies’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 fiscal year.

Greenbrier Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, April 20th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, April 20th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.32. Greenbrier Companies’s payout ratio is 29.37%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Greenbrier Companies in a report on Tuesday, April 21st. Susquehanna upped their price objective on shares of Greenbrier Companies from $52.00 to $60.00 and gave the stock a “positive” rating in a report on Monday, January 26th. Finally, Zacks Research lowered shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $49.00.

Greenbrier Companies Profile

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.