Algert Global LLC Buys New Shares in The Greenbrier Companies, Inc. (NYSE:GBX)

Algert Global LLC bought a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 56,704 shares of the transportation company's stock, valued at approximately $3,458,000. Algert Global LLC owned 0.18% of Greenbrier Companies at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in Greenbrier Companies by 147.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company's stock valued at $499,000 after acquiring an additional 4,876 shares during the last quarter. M3 Advisory Group LLC bought a new position in Greenbrier Companies during the fourth quarter worth $225,000. Allspring Global Investments Holdings LLC bought a new stake in Greenbrier Companies in the fourth quarter valued at $2,527,000. Hennessy Advisors Inc. raised its holdings in shares of Greenbrier Companies by 6.8% during 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 period. Finally, Franklin Resources Inc. boosted its holdings in Greenbrier Companies by 3.1% in the third quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company's stock worth $990,000 after acquiring an additional 562 shares in the last quarter. Institutional investors own 95.59% of the company's stock.

Wall Street Analyst Weigh In

Separately, Susquehanna cut their price target on Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research note on Tuesday, April 8th.

Greenbrier Companies Price Performance

Shares of GBX stock traded down $0.29 on Friday, reaching $44.42. The company's stock had a trading volume of 296,489 shares, compared to its average volume of 384,960. The company has a market capitalization of $1.39 billion, a P/E ratio of 7.75, a PEG ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The stock's 50 day simple moving average is $47.45 and its 200-day simple moving average is $57.94. The Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06.

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

Greenbrier Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.88%. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio (DPR) is presently 20.45%.

Greenbrier Companies Company Profile

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.