Balyasny Asset Management L.P. Increases Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

Balyasny Asset Management L.P. grew its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 346,182 shares of the transportation company's stock after buying an additional 85,527 shares during the quarter. Balyasny Asset Management L.P. owned 1.10% of Greenbrier Companies worth $21,114,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in 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 acquiring an additional 1,190 shares in the last quarter. Franklin Resources Inc. boosted its position in Greenbrier Companies by 3.1% during the third quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company's stock valued at $990,000 after purchasing an additional 562 shares during the last quarter. Cullen Investment Group LTD. lifted its holdings in shares of Greenbrier Companies by 1.0% during the 4th quarter. Cullen Investment Group LTD. now owns 19,675 shares of the transportation company's stock valued at $1,200,000 after buying an additional 204 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings 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 valued at $845,000 after buying an additional 331 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in shares of Greenbrier Companies by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 197,300 shares of the transportation company's stock valued at $12,033,000 after buying an additional 12,600 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Greenbrier Companies Trading Up 1.2%

Greenbrier Companies stock traded up $0.56 during mid-day trading on Tuesday, hitting $47.75. The stock had a trading volume of 79,171 shares, compared to its average volume of 508,972. 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 Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06. The stock has a 50-day simple moving average of $47.29 and a two-hundred day simple moving average of $57.83. The stock has a market capitalization of $1.50 billion, a PE ratio of 8.33, a P/E/G ratio of 0.80 and a beta of 1.79.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The transportation company reported $1.69 earnings per share 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 during the quarter, compared to analyst estimates of $898.53 million. During the same period last year, the business earned $1.03 earnings per share. The business's quarterly revenue was down 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio (DPR) is currently 20.45%.

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.