Capstone Investment Advisors LLC purchased a new stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,621 shares of the transportation company's stock, valued at approximately $3,148,000. Capstone Investment Advisors LLC owned about 0.16% of Greenbrier Companies as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of GBX. Balyasny Asset Management L.P. boosted its stake in Greenbrier Companies by 32.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 346,182 shares of the transportation company's stock worth $21,114,000 after buying an additional 85,527 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Greenbrier Companies in the 4th quarter worth approximately $256,000. Ameriprise Financial Inc. boosted its position in shares of Greenbrier Companies by 2.0% during the 4th quarter. Ameriprise Financial Inc. now owns 536,381 shares of the transportation company's stock worth $32,714,000 after purchasing an additional 10,521 shares during the period. Algert Global LLC acquired a new stake in Greenbrier Companies in the 4th quarter valued at approximately $3,458,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Greenbrier Companies in the fourth quarter valued at approximately $4,173,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.
Greenbrier Companies Stock Performance
Shares of GBX stock opened at $43.93 on Monday. The firm has a 50 day moving average of $48.57 and a two-hundred day moving average of $58.26. The stock has a market capitalization of $1.38 billion, a PE ratio of 7.67, a P/E/G 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 Greenbrier Companies, Inc. has a 52 week low of $37.77 and a 52 week 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.09). The company had revenue of $762.10 million during the quarter, compared to analysts' expectations of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. On average, research analysts predict that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.
Greenbrier Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.91%. 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 is presently 20.45%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on GBX shares. Bank of America lifted their price objective on Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a research note on Thursday, January 9th. Susquehanna dropped their target price on Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research report on Tuesday, April 8th.
Check Out Our Latest Research Report on Greenbrier Companies
About Greenbrier Companies
(
Free Report)
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.
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