Range Financial Group LLC Buys New Shares in The Greenbrier Companies, Inc. (NYSE:GBX)

Range Financial Group LLC acquired a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,541 shares of the transportation company's stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GBX. KBC Group NV boosted its holdings in Greenbrier Companies by 57.8% in the fourth quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock valued at $89,000 after acquiring an additional 537 shares during the last quarter. Empowered Funds LLC grew its position in shares of Greenbrier Companies by 9.8% during the 4th quarter. Empowered Funds LLC now owns 166,726 shares of the transportation company's stock worth $10,169,000 after buying an additional 14,912 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Greenbrier Companies during the fourth quarter worth approximately $2,527,000. Values First Advisors Inc. lifted its holdings in Greenbrier Companies by 3.8% in the fourth quarter. Values First Advisors Inc. now owns 4,134 shares of the transportation company's stock valued at $252,000 after buying an additional 151 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Greenbrier Companies by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 152,029 shares of the transportation company's stock valued at $9,272,000 after acquiring an additional 5,289 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company's stock.

Insider Buying and Selling

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. Following the sale, the chief operating officer now directly owns 36,714 shares in the company, valued at approximately $1,762,272. The trade was a 5.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.78% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Susquehanna decreased their price objective 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 Stock Down 0.4%

NYSE GBX traded down $0.19 on Thursday, reaching $46.13. The company had a trading volume of 183,148 shares, compared to its average volume of 377,191. The company's fifty day moving average is $44.03 and its 200-day moving average is $55.19. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.80 and a beta of 1.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The Greenbrier Companies, Inc. has a 1-year low of $37.77 and a 1-year high of $71.06.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $762.10 million for 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 firm's quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. On average, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. Greenbrier Companies's payout ratio 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.