Algert Global LLC Makes New $3.46 Million Investment in The Greenbrier Companies, Inc. (NYSE:GBX)

Algert Global LLC bought a new stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,704 shares of the transportation company's stock, valued at approximately $3,458,000. Algert Global LLC owned approximately 0.18% of Greenbrier Companies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC raised its position in Greenbrier Companies by 27.9% in the third quarter. Tidal Investments LLC now owns 5,454 shares of the transportation company's stock worth $278,000 after purchasing an additional 1,190 shares in the last quarter. Franklin Resources Inc. lifted its position in Greenbrier Companies by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company's stock valued at $990,000 after acquiring an additional 562 shares in the last quarter. Cullen Investment Group LTD. boosted its holdings in Greenbrier Companies by 1.0% during the fourth quarter. Cullen Investment Group LTD. now owns 19,675 shares of the transportation company's stock worth $1,200,000 after purchasing an additional 204 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Greenbrier Companies by 2.4% during the 4th quarter. Carolina Wealth Advisors LLC now owns 13,859 shares of the transportation company's stock worth $845,000 after purchasing an additional 331 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its position in shares of Greenbrier Companies by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 197,300 shares of the transportation company's stock valued at $12,033,000 after purchasing an additional 12,600 shares during the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

Shares of NYSE:GBX traded up $2.17 during trading on Monday, reaching $46.53. The company had a trading volume of 51,490 shares, compared to its average volume of 508,029. The company has a fifty day moving average of $47.45 and a two-hundred day moving average of $57.92. The Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1.46 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.09). Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The firm had revenue of $762.10 million for the quarter, compared to analysts' expectations of $898.53 million. During the same quarter last year, the company posted $1.03 EPS. The firm's revenue was down 11.7% on a year-over-year basis. Equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.28 annualized dividend and a dividend yield of 2.75%. This is an increase from Greenbrier Companies's previous quarterly dividend of $0.30. Greenbrier Companies's payout ratio is currently 20.45%.

Analyst Ratings Changes

Separately, Susquehanna decreased their price target on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating on the stock in a report on Tuesday, April 8th.

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.