Deutsche Bank AG Purchases Shares of 67,332 Greenbrier Companies, Inc. (The) $GBX

Key Points

• Deutsche Bank acquired 67,332 Greenbrier Companies shares in the second quarter, worth approximately $3.3 million and representing about 0.22% of the company. Institutional investors collectively own 95.59% of GBX.
• Analyst sentiment remains cautious: Greenbrier has a consensus rating of “Reduce” and an average price target of $45, with recent firms largely moving the stock to “Hold.”
• Greenbrier beat quarterly EPS expectations ($0.60 versus $0.57), but revenue fell 31.6% year over year to $576.5 million. The company maintains a quarterly dividend of $0.34 per share, yielding about 2.9% annually.

Deutsche Bank AG purchased a new stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 67,332 shares of the transportation company's stock, valued at approximately $3,300,000. Deutsche Bank AG owned about 0.22% of Greenbrier Companies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in Greenbrier Companies by 2.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,114 shares of the transportation company's stock valued at $333,000 after purchasing an additional 200 shares in the last quarter. Austin Asset Management Co Inc grew its stake in Greenbrier Companies by 0.9% in the 4th quarter. Austin Asset Management Co Inc now owns 21,403 shares of the transportation company's stock worth $1,000,000 after buying an additional 200 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Greenbrier Companies by 1.6% in the 2nd quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company's stock worth $1,324,000 after buying an additional 454 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Greenbrier Companies by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company's stock valued at $747,000 after buying an additional 470 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Greenbrier Companies by 1.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 27,809 shares of the transportation company's stock valued at $1,280,000 after buying an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GBX shares. Susquehanna cut Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 target price on the stock. in a research note on Thursday, July 2nd. Weiss Ratings lowered 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 report on Monday, June 8th. Finally, Wall Street Zen raised Greenbrier Companies from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Greenbrier Companies currently has a consensus rating of "Reduce" and an average target price of $45.00.

Greenbrier Companies Price Performance

GBX opened at $46.21 on Thursday. The stock's 50 day simple moving average is $48.35 and its 200 day simple moving average is $50.33. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 13.71 and a beta of 1.43. Greenbrier Companies, Inc. has a 1 year low of $38.23 and a 1 year high of $59.19.

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

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 2.9%. Greenbrier Companies's dividend payout ratio is presently 40.36%.

Greenbrier Companies Company 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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