Deutsche Bank AG grew its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,214 shares of the transportation company's stock after acquiring an additional 8,436 shares during the quarter. Deutsche Bank AG owned about 0.32% of Greenbrier Companies worth $6,112,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP boosted its holdings in Greenbrier Companies by 892.7% in the fourth quarter. Quarry LP now owns 407 shares of the transportation company's stock valued at $25,000 after purchasing an additional 366 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $26,000. F M Investments LLC acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of Greenbrier Companies by 241.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company's stock valued at $56,000 after buying an additional 644 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Greenbrier Companies by 812.3% in the 4th quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company's stock valued at $59,000 after buying an additional 861 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company's stock.
Insider Buying and Selling at Greenbrier Companies
In related news, COO William J. Krueger sold 2,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $48.00, for a total transaction of $96,000.00. Following the transaction, the chief operating officer now owns 36,714 shares of the company's stock, valued at $1,762,272. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.78% of the stock is currently owned by company insiders.
Greenbrier Companies Stock Performance
Shares of NYSE GBX traded down $1.56 during trading hours on Wednesday, reaching $44.85. The stock had a trading volume of 187,639 shares, compared to its average volume of 383,854. The firm has a 50-day moving average of $46.36 and a 200-day moving average of $57.29. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.80 and a beta of 1.79. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The Greenbrier Companies, Inc. has a fifty-two week low of $37.77 and a fifty-two week high of $71.06.
Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings data on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.09). The firm had revenue of $762.10 million during the quarter, compared to analyst estimates of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. Greenbrier Companies's revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. Equities research analysts predict that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.
Greenbrier Companies Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.85%. Greenbrier Companies's payout ratio is currently 20.45%.
Wall Street Analyst Weigh In
Separately, Susquehanna reduced their price target on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research report on Tuesday, April 8th.
Read Our Latest Analysis on GBX
About Greenbrier Companies
(
Free Report)
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.
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