Cambridge Investment Research Advisors Inc. Acquires Shares of 11,450 Greenbrier Companies, Inc. (The) (NYSE:GBX)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,450 shares of the transportation company's stock, valued at approximately $586,000.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in Greenbrier Companies by 147.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company's stock valued at $499,000 after acquiring an additional 4,876 shares during the last quarter. Northern Trust Corp boosted its position in shares of 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. NBC Securities Inc. boosted its position in shares of 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 in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Greenbrier Companies during the 4th quarter worth about $65,000. Institutional investors own 95.59% of the company's stock.

Greenbrier Companies Stock Down 3.2%

Shares of GBX stock traded down $1.78 on Friday, reaching $53.68. 559,214 shares of the company were exchanged, compared to its average volume of 382,351. Greenbrier Companies, Inc. has a one year low of $37.77 and a one year high of $71.06. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.50 and a beta of 1.71. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82. The company has a 50-day moving average of $47.22 and a 200-day moving average of $52.61.

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

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be given a $0.32 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.28 annualized dividend and a yield of 2.38%. Greenbrier Companies's payout ratio is 18.13%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Greenbrier Companies

In related news, COO William J. Krueger sold 4,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total value 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 trade represents a 10.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas B. Fargo sold 3,727 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total transaction of $204,873.19. Following the completion of the transaction, the director directly owned 2,141 shares in the company, valued at approximately $117,690.77. The trade was a 63.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,379 shares of company stock valued at $691,213. 1.78% of the stock is owned by corporate insiders.

Greenbrier Companies Company 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.