6,470 Shares in Greenbrier Companies, Inc. (The) (NYSE:GBX) Acquired by Alps Advisors Inc.

Alps Advisors Inc. purchased a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,470 shares of the transportation company's stock, valued at approximately $331,000.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in Greenbrier Companies during the 1st quarter worth about $586,000. New York State Teachers Retirement System raised its holdings in Greenbrier Companies by 27.2% during the 1st quarter. New York State Teachers Retirement System now owns 13,848 shares of the transportation company's stock worth $709,000 after purchasing an additional 2,960 shares during the last quarter. Northern Trust Corp raised its holdings in Greenbrier Companies by 20.5% during the 4th quarter. Northern Trust Corp now owns 389,406 shares of the transportation company's stock worth $23,750,000 after purchasing an additional 66,185 shares during the last quarter. GAMMA Investing LLC raised its holdings in Greenbrier Companies by 6,100.3% during the 1st quarter. GAMMA Investing LLC now owns 38,876 shares of the transportation company's stock worth $1,991,000 after purchasing an additional 38,249 shares during the last quarter. Finally, NBC Securities Inc. raised its holdings in Greenbrier Companies by 108,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock worth $55,000 after purchasing an additional 1,087 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GBX shares. Wall Street Zen raised Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Susquehanna boosted their price objective on Greenbrier Companies from $52.00 to $57.00 and gave the company a "positive" rating in a research report on Wednesday, July 2nd.

Greenbrier Companies Stock Performance

Shares of GBX traded down $1.41 during mid-day trading on Friday, hitting $48.64. 1,492,002 shares of the company's stock were exchanged, compared to its average volume of 391,227. Greenbrier Companies, Inc. has a 52 week low of $37.77 and a 52 week high of $71.06. The stock's 50-day simple moving average is $47.87 and its 200-day simple moving average is $52.14. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.71. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The transportation company reported $1.86 EPS for the quarter, topping analysts' consensus estimates 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 last year, the business earned $1.06 earnings per share. Greenbrier Companies's revenue was up 2.7% on a year-over-year basis. On average, equities research analysts expect that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th 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 2.63%. The ex-dividend date is Thursday, July 17th. Greenbrier Companies's payout ratio is 18.13%.

Insider Activity

In other news, Director Wanda F. Felton sold 3,652 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $54.31, for a total transaction of $198,340.12. Following the completion of the sale, the director owned 3,000 shares in the company, valued at $162,930. The trade was a 54.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO William J. Krueger sold 4,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $48.00, for a total value of $192,000.00. Following the sale, the chief operating officer owned 32,714 shares of the company's stock, valued at $1,570,272. This trade represents a 10.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,379 shares of company stock valued at $691,213. 1.78% of the stock is currently owned by corporate insiders.

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.