Allspring Global Investments Holdings LLC Has $721,000 Stock Holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Allspring Global Investments Holdings LLC trimmed its position in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 66.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,076 shares of the transportation company's stock after selling 27,365 shares during the period. Allspring Global Investments Holdings LLC's holdings in Greenbrier Companies were worth $721,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GBX. Amundi lifted its position in Greenbrier Companies by 184.0% in the fourth quarter. Amundi now owns 15,740 shares of the transportation company's stock worth $951,000 after purchasing an additional 10,197 shares during the period. Truvestments Capital LLC lifted its position in Greenbrier Companies by 7.2% in the fourth quarter. Truvestments Capital LLC now owns 71,269 shares of the transportation company's stock worth $4,347,000 after purchasing an additional 4,789 shares during the period. Swiss National Bank lifted its position in Greenbrier Companies by 0.7% in the fourth quarter. Swiss National Bank now owns 61,200 shares of the transportation company's stock worth $3,733,000 after purchasing an additional 400 shares during the period. Commonwealth Equity Services LLC lifted its position in Greenbrier Companies by 5.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 14,522 shares of the transportation company's stock worth $886,000 after purchasing an additional 749 shares during the period. Finally, Intech Investment Management LLC lifted its position in Greenbrier Companies by 83.4% in the fourth quarter. Intech Investment Management LLC now owns 27,171 shares of the transportation company's stock worth $1,657,000 after purchasing an additional 12,352 shares during the period. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Price Performance

Shares of NYSE GBX traded down $1.78 during trading on Friday, hitting $53.68. The company had a trading volume of 559,214 shares, compared to its average volume of 382,351. The company has a market cap of $1.66 billion, a P/E ratio of 7.60, a PEG ratio of 1.50 and a beta of 1.71. Greenbrier Companies, Inc. has a 52 week low of $37.77 and a 52 week high of $71.06. The business's 50-day moving average is $47.22 and its 200 day moving average is $52.53. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 1.48.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.87. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%. The company had revenue of $842.70 million for the quarter, compared to analysts' expectations of $785.72 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The firm's revenue was up 2.7% on a year-over-year basis. Equities research analysts predict that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, July 17th. Greenbrier Companies's dividend payout ratio (DPR) is currently 18.13%.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 4,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total transaction of $192,000.00. Following the sale, the chief operating officer directly owned 32,714 shares of the company's stock, valued at $1,570,272. The trade was a 10.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas B. Fargo sold 3,727 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total transaction of $204,873.19. Following the sale, the director directly owned 2,141 shares in the company, valued at approximately $117,690.77. This trade represents a 63.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,379 shares of company stock valued at $691,213 in the last three months. 1.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen raised Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 5th. Susquehanna upped their price target on Greenbrier Companies from $52.00 to $57.00 and gave the company a "positive" rating in a report on Wednesday, July 2nd.

Greenbrier Companies 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.