Bank of New York Mellon Corp Purchases Shares of 373,884 Greenbrier Companies, Inc. (The) $GBX

Key Points

• Bank of New York Mellon acquired 373,884 Greenbrier shares worth approximately $18.3 million, giving it a 1.21% stake. Institutional investors and hedge funds collectively own 95.59% of the company.
• Analyst sentiment remains cautious: Greenbrier has a consensus “Reduce” rating and an average price target of $45.00, near its reported share price of $45.06.
• Greenbrier exceeded quarterly EPS expectations, reporting $0.60 versus $0.57 projected, but revenue fell 31.6% year over year to $576.5 million. The company also pays a quarterly dividend of $0.34, representing a 3.0% yield.

Bank of New York Mellon Corp bought a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 373,884 shares of the transportation company's stock, valued at approximately $18,324,000. Bank of New York Mellon Corp owned about 1.21% of Greenbrier Companies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gen Wealth Partners Inc bought a new position in Greenbrier Companies during the fourth quarter worth $38,000. Quarry LP grew 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 buying an additional 1,104 shares during the period. Meeder Asset Management Inc. bought a new stake in Greenbrier Companies in the 1st quarter valued at about $54,000. Danske Bank A S bought a new stake in Greenbrier Companies in the 4th quarter valued at about $61,000. Finally, Tower Research Capital LLC TRC raised its stake in Greenbrier Companies by 282.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company's stock worth $140,000 after buying an additional 2,245 shares during the period. Institutional investors and hedge funds own 95.59% of the company's stock.

Analyst Ratings Changes

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

Greenbrier Companies Price Performance

NYSE:GBX opened at $45.06 on Tuesday. Greenbrier Companies, Inc. has a 1 year low of $38.23 and a 1 year high of $59.19. The business has a fifty day simple moving average of $48.10 and a two-hundred day simple moving average of $50.14. The company has a market capitalization of $1.39 billion, a P/E ratio of 13.37 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The business had revenue of $576.50 million for the quarter, compared to the consensus estimate of $612.69 million. During the same period in the prior year, the firm earned $1.86 earnings per share. The company's revenue was down 31.6% compared to the same quarter last year. As a group, analysts anticipate that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 3.0%. Greenbrier Companies's dividend payout ratio (DPR) is currently 40.36%.

Greenbrier Companies Profile

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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