Donald Smith & CO. Inc. Takes Position in Greenbrier Companies, Inc. (The) $GBX

Donald Smith & CO. Inc. purchased a new position in Greenbrier Companies, Inc. (The) (NYSE:GBX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 652,672 shares of the transportation company’s stock, valued at approximately $31,987,000. Donald Smith & CO. Inc. owned approximately 2.11% of Greenbrier Companies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GBX. Oregon Public Employees Retirement Fund raised its stake in Greenbrier Companies by 2.9% during 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. Austin Asset Management Co Inc boosted its holdings in Greenbrier Companies by 0.9% in the fourth quarter. Austin Asset Management Co Inc now owns 21,403 shares of the transportation company’s stock worth $1,000,000 after acquiring an additional 200 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Greenbrier Companies by 1.6% in the second quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company’s stock worth $1,324,000 after acquiring an additional 454 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Greenbrier Companies by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company’s stock worth $747,000 after acquiring an additional 470 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Greenbrier Companies by 1.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 27,809 shares of the transportation company’s stock valued at $1,280,000 after acquiring an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Thursday, July 2nd. Zacks Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $45.00.

Greenbrier Companies Stock Up 0.5%

Shares of NYSE GBX opened at $46.05 on Friday. The firm’s 50-day moving average price is $48.53 and its 200-day moving average price is $50.49. The company has a market cap of $1.42 billion, a PE ratio of 13.66 and a beta of 1.43. Greenbrier Companies, Inc. has a 52-week low of $38.23 and a 52-week high of $59.19.

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

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 16th. Greenbrier Companies’s payout ratio is 40.36%.

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.