Bridgeway Capital Management LLC Increases Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Bridgeway Capital Management LLC increased its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 398,226 shares of the transportation company's stock after purchasing an additional 94,912 shares during the quarter. Greenbrier Companies accounts for 0.5% of Bridgeway Capital Management LLC's portfolio, making the stock its 15th biggest holding. Bridgeway Capital Management LLC owned about 1.27% of Greenbrier Companies worth $24,288,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC grew its holdings in shares of 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 during the period. Franklin Resources Inc. grew its stake in shares of Greenbrier Companies by 3.1% during the 3rd 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 period. Cullen Investment Group LTD. increased its position 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 purchasing an additional 204 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in shares of Greenbrier Companies by 2.4% in 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 period. Finally, Hennessy Advisors Inc. boosted its holdings 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 worth $12,033,000 after buying an additional 12,600 shares during the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Performance

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

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly 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). The firm had revenue of $762.10 million during the quarter, compared to the consensus estimate of $898.53 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The business's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, sell-side 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. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, April 22nd. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.88%. Greenbrier Companies's dividend payout ratio (DPR) is currently 20.45%.

Analyst Upgrades and Downgrades

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

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.