Atlas FRM LLC Invests $38.60 Million in Greenbrier Companies, Inc. (The) $GBX

Atlas FRM LLC bought a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 787,588 shares of the transportation company's stock, valued at approximately $38,599,688. Greenbrier Companies comprises 0.0% of Atlas FRM LLC's investment portfolio, making the stock its 18th largest position. Atlas FRM LLC owned 2.55% of Greenbrier Companies at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its holdings in shares of Greenbrier Companies by 2.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,114 shares of the transportation company's stock valued at $333,000 after buying an additional 200 shares during the last quarter. Austin Asset Management Co Inc raised its holdings in shares of Greenbrier Companies by 0.9% in the fourth quarter. Austin Asset Management Co Inc now owns 21,403 shares of the transportation company's stock valued at $1,000,000 after buying an additional 200 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Greenbrier Companies by 1.6% in the second quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company's stock valued at $1,324,000 after buying an additional 454 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Greenbrier Companies by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company's stock valued at $747,000 after buying an additional 470 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Greenbrier Companies by 1.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 27,809 shares of the transportation company's stock valued at $1,280,000 after purchasing an additional 526 shares in the last quarter. 95.59% of the stock is owned by institutional investors.

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock opened at $45.95 on Friday. The firm has a 50 day simple moving average of $48.20 and a 200 day simple moving average of $50.24. Greenbrier Companies, Inc. has a fifty-two week low of $38.23 and a fifty-two week high of $59.19. The firm has a market cap of $1.42 billion, a P/E ratio of 13.64 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 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The firm 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 business earned $1.86 EPS. The business's quarterly revenue was down 31.6% compared to the same quarter last year. On average, sell-side analysts expect 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. Shareholders 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 yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 16th. Greenbrier Companies's payout ratio is currently 40.36%.

Analysts Set New Price Targets

GBX has been the subject of a number of research reports. Zacks Research raised shares of Greenbrier Companies from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Wall Street Zen raised shares of Greenbrier Companies from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings lowered shares of Greenbrier Companies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 5th. Finally, Susquehanna lowered shares of Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 price target for the company. in a report on Thursday, July 2nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $45.00.

About Greenbrier Companies

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.