Dimensional Fund Advisors LP Sells 228,934 Shares of Greenbrier Companies, Inc. (The) $GBX

Key Points

• Dimensional Fund Advisors LP cut its stake in Greenbrier Companies by 10%, reducing its ownership to approximately 2.06 million shares worth around $105.27 million.
• Greenbrier Companies reported earnings of $1.86 per share for the last quarter, significantly exceeding the consensus estimate of $0.99 with quarterly revenue of $842.7 million, up 2.7% year-over-year.
• The company declared a quarterly dividend of $0.32 per share, which represents a yield of 2.7% on an annualized basis.

Dimensional Fund Advisors LP reduced its position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,055,333 shares of the transportation company's stock after selling 228,934 shares during the period. Dimensional Fund Advisors LP owned approximately 6.55% of Greenbrier Companies worth $105,274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. grew its position in Greenbrier Companies by 2.1% in the first quarter. Fox Run Management L.L.C. now owns 16,271 shares of the transportation company's stock worth $833,000 after acquiring an additional 327 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Greenbrier Companies by 514.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 116,144 shares of the transportation company's stock worth $5,949,000 after acquiring an additional 97,231 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Greenbrier Companies in the first quarter worth $86,000. Public Sector Pension Investment Board grew its position in Greenbrier Companies by 27.2% in the first quarter. Public Sector Pension Investment Board now owns 99,432 shares of the transportation company's stock worth $5,093,000 after acquiring an additional 21,262 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Greenbrier Companies in the first quarter worth $6,602,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GBX shares. Wall Street Zen lowered shares of Greenbrier Companies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Susquehanna upped their target price 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. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $59.50.

Greenbrier Companies Trading Up 0.8%

Greenbrier Companies stock traded up $0.37 during mid-day trading on Wednesday, hitting $47.14. The company's stock had a trading volume of 198,846 shares, compared to its average volume of 460,219. 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 stock has a market cap of $1.46 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.69. The business has a 50 day moving average price of $48.15 and a 200-day moving average price of $48.59. Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.87. The business had revenue of $842.70 million during the quarter, compared to the consensus estimate of $785.72 million. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Greenbrier Companies has set its FY 2025 guidance at EPS. As a group, analysts forecast that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 17th. Greenbrier Companies's dividend payout ratio is 18.13%.

Insider Activity

In other news, Director James R. Huffines acquired 2,500 shares of the stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $44.84 per share, with a total value of $112,100.00. Following the completion of the purchase, the director owned 13,909 shares in the company, valued at approximately $623,679.56. The trade was a 21.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wanda F. Felton sold 3,652 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $54.31, for a total transaction of $198,340.12. Following the transaction, the director directly 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. In the last three months, insiders sold 11,379 shares of company stock valued at $595,213. 1.78% of the stock is currently owned by insiders.

About Greenbrier Companies

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.