Atlas FRM LLC bought a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 787,588 shares of the transportation company's stock, valued at approximately $38,599,688,000. Greenbrier Companies makes up about 1.7% of Atlas FRM LLC's investment portfolio, making the stock its 18th biggest position. Atlas FRM LLC owned about 2.55% of Greenbrier Companies as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of GBX. De Lisle Partners LLP purchased a new stake in shares of Greenbrier Companies during the 2nd quarter valued at $4,916,000. Heartland Advisors Inc. purchased a new position in Greenbrier Companies in the second quarter worth $4,901,000. Donald Smith & CO. Inc. purchased a new position in Greenbrier Companies in the second quarter worth $31,987,000. Meeder Asset Management Inc. purchased a new position in Greenbrier Companies in the second quarter worth $50,000. Finally, Deutsche Bank AG bought a new position in Greenbrier Companies in the second quarter valued at $3,300,000. Hedge funds and other institutional investors own 95.59% of the company's stock.
Greenbrier Companies Stock Performance
Shares of NYSE:GBX opened at $46.05 on Monday. The stock's 50-day moving average price is $48.53 and its 200-day moving average price is $50.48. Greenbrier Companies, Inc. has a 12-month low of $38.23 and a 12-month high of $59.19. The stock has a market capitalization of $1.42 billion, a P/E ratio of 13.66 and a beta of 1.43.
Greenbrier Companies (NYSE:GBX - Get Free Report) last released its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company had revenue of $576.50 million during the quarter, compared to analyst estimates of $612.69 million. During the same quarter in the previous year, the company posted $1.86 EPS. Greenbrier Companies's revenue for the quarter was down 31.6% on a year-over-year basis. As a group, research analysts predict that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.
Greenbrier Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, July 16th. Greenbrier Companies's payout ratio is 40.36%.
Analysts Set New Price Targets
GBX has been the subject of several research analyst reports. Weiss Ratings lowered Greenbrier Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, June 5th. Wall Street Zen upgraded Greenbrier Companies from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Zacks Research raised Greenbrier Companies from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Finally, Susquehanna downgraded Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 target price for the company. in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $45.00.
Read Our Latest Stock Report on Greenbrier Companies
About Greenbrier Companies
(
Free Report)
The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.
Greenbrier's operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.
See Also
Want to see what other hedge funds are holding GBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report).
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