Bank of America Corp DE Has $5.65 Million Stake in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Bank of America sharply reduced its Greenbrier Companies position by 94.3% in the first quarter, selling 1.76 million shares and retaining 107,348 shares worth approximately $5.65 million. Institutional investors and hedge funds collectively own 95.59% of GBX.
• Greenbrier beat quarterly EPS expectations, reporting $0.60 versus the $0.57 consensus, but revenue fell 31.6% year over year to $576.5 million. The stock opened at $46.11, below its 50-day and 200-day moving averages.
• The company maintains a quarterly dividend of $0.34 per share, equating to an annualized $1.36 payout and a 2.9% yield. Analysts remain cautious, with an average “Reduce” rating and a $45 price target.

Bank of America Corp DE reduced its position in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 94.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,348 shares of the transportation company's stock after selling 1,761,786 shares during the quarter. Bank of America Corp DE owned approximately 0.35% of Greenbrier Companies worth $5,652,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Gen Wealth Partners Inc acquired a new stake in Greenbrier Companies during the 4th quarter worth about $38,000. Meeder Asset Management Inc. acquired a new position in shares of Greenbrier Companies in the 1st quarter valued at about $54,000. Quarry LP lifted its stake in shares of Greenbrier Companies by 6,900.0% in the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company's stock valued at $52,000 after purchasing an additional 1,104 shares during the period. Danske Bank A S bought a new stake in shares of Greenbrier Companies during the 4th quarter valued at about $61,000. Finally, State of Wyoming bought a new stake in shares of Greenbrier Companies during the 1st quarter valued at about $149,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Stock Down 0.3%

Shares of NYSE:GBX opened at $46.11 on Friday. Greenbrier Companies, Inc. has a twelve month low of $38.23 and a twelve month high of $59.19. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.68 and a beta of 1.43. The stock's 50 day moving average is $48.28 and its 200-day moving average is $50.27.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $612.69 million. During the same period last year, the company earned $1.86 earnings per share. The business's revenue was down 31.6% on a year-over-year basis. Equities research analysts anticipate that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently disclosed 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 2.9%. The ex-dividend date of this dividend was Thursday, July 16th. Greenbrier Companies's payout ratio is currently 40.36%.

Wall Street Analysts Forecast Growth

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

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