California State Teachers Retirement System cut its holdings in shares of Greenbrier Companies Inc (NYSE:GBX) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,858 shares of the transportation company’s stock after selling 4,705 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Greenbrier Companies worth $2,112,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc lifted its position in Greenbrier Companies by 12.9% in the second quarter. Legal & General Group Plc now owns 56,063 shares of the transportation company’s stock worth $2,596,000 after purchasing an additional 6,415 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Greenbrier Companies by 17.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 23,701 shares of the transportation company’s stock worth $1,096,000 after purchasing an additional 3,555 shares during the period. Principal Financial Group Inc. lifted its position in Greenbrier Companies by 4.5% in the second quarter. Principal Financial Group Inc. now owns 245,908 shares of the transportation company’s stock worth $11,374,000 after purchasing an additional 10,573 shares during the period. Riverhead Capital Management LLC lifted its position in Greenbrier Companies by 69.1% in the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock worth $102,000 after purchasing an additional 898 shares during the period. Finally, Teachers Advisors LLC lifted its position in Greenbrier Companies by 2.9% in the second quarter. Teachers Advisors LLC now owns 49,877 shares of the transportation company’s stock worth $2,307,000 after purchasing an additional 1,390 shares during the period.
Shares of Greenbrier Companies Inc (GBX) opened at $51.30 on Wednesday. Greenbrier Companies Inc has a 52-week low of $40.45 and a 52-week high of $54.45. The company has a market capitalization of $1,470.00, a price-to-earnings ratio of 13.90, a PEG ratio of 1.33 and a beta of 1.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.96.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. The company had revenue of $559.50 million during the quarter, compared to the consensus estimate of $591.05 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. sell-side analysts forecast that Greenbrier Companies Inc will post 4.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, January 26th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, January 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.79%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.93%.
In other news, EVP Alejandro Centurion sold 5,500 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.21, for a total transaction of $287,155.00. Following the completion of the sale, the executive vice president now owns 19,593 shares in the company, valued at approximately $1,022,950.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William A. Furman sold 117,652 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $46.91, for a total value of $5,519,055.32. The disclosure for this sale can be found here. Insiders have sold a total of 284,830 shares of company stock valued at $13,596,712 in the last quarter. Insiders own 2.46% of the company’s stock.
A number of equities research analysts have weighed in on the company. Seaport Global Securities assumed coverage on Greenbrier Companies in a research report on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price for the company. ValuEngine upgraded Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. KeyCorp restated a “buy” rating and issued a $60.00 target price on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Zacks Investment Research upgraded Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research report on Friday, October 6th. Finally, Buckingham Research upped their target price on Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Greenbrier Companies presently has an average rating of “Buy” and a consensus price target of $59.00.
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About Greenbrier Companies
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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