Bank of New York Mellon Corp Has $15.59 Million Stock Position in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Bank of New York Mellon Corp trimmed its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,364 shares of the transportation company's stock after selling 10,881 shares during the quarter. Bank of New York Mellon Corp owned about 0.97% of Greenbrier Companies worth $15,590,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Greenbrier Companies by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 156,118 shares of the transportation company's stock valued at $7,996,000 after buying an additional 4,089 shares during the period. Teacher Retirement System of Texas bought a new position in Greenbrier Companies in the 1st quarter valued at approximately $235,000. Kendall Capital Management boosted its position in Greenbrier Companies by 40.1% in the first quarter. Kendall Capital Management now owns 5,645 shares of the transportation company's stock valued at $289,000 after buying an additional 1,615 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Greenbrier Companies by 27.2% during the first quarter. New York State Teachers Retirement System now owns 13,848 shares of the transportation company's stock worth $709,000 after buying an additional 2,960 shares during the last quarter. Finally, Austin Asset Management Co Inc grew its stake in shares of Greenbrier Companies by 23.4% during the first quarter. Austin Asset Management Co Inc now owns 21,233 shares of the transportation company's stock worth $1,088,000 after buying an additional 4,026 shares during the last quarter. 95.59% of the stock is owned by institutional investors.

Greenbrier Companies Trading Up 0.6%

NYSE:GBX traded up $0.31 during trading hours on Wednesday, hitting $49.02. The company had a trading volume of 571,425 shares, compared to its average volume of 392,001. The company has a market capitalization of $1.51 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.71. The stock has a 50-day moving average price of $47.95 and a 200 day moving average price of $51.94. Greenbrier Companies, Inc. has a 52 week low of $37.77 and a 52 week high of $71.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82.

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

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, July 17th. This represents a $1.28 annualized dividend and a dividend yield of 2.61%. Greenbrier Companies's dividend payout ratio (DPR) is 18.13%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms recently commented on GBX. Wall Street Zen upgraded shares of Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Susquehanna boosted their target price on shares of 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 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.