Empowered Funds LLC Purchases Shares of 143,012 Greenbrier Companies, Inc. (The) $GBX

Key Points

• Empowered Funds LLC acquired 143,012 shares of Greenbrier Companies in the second quarter, valued at approximately $7.0 million and representing about 0.46% of the company. Institutional investors collectively own 95.59% of GBX.
• Greenbrier reported quarterly earnings of $0.60 per share, beating estimates of $0.57, but revenue fell 31.6% year over year to $576.5 million and missed expectations. Analysts project fiscal-year EPS of approximately $3.10.
• GBX recently paid a quarterly dividend of $0.34, or $1.36 annualized, yielding about 3.0%. Analyst sentiment is cautious, with a consensus “Reduce” rating and a $45 price target, compared with a recent share price of $45.95.

Empowered Funds LLC acquired a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 143,012 shares of the transportation company's stock, valued at approximately $7,009,000. Empowered Funds LLC owned approximately 0.46% of Greenbrier Companies as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GBX. Gen Wealth Partners Inc bought a new stake in Greenbrier Companies in the fourth quarter valued at about $38,000. Meeder Asset Management Inc. bought a new position in Greenbrier Companies during the second quarter worth about $50,000. Quarry LP boosted its holdings in Greenbrier Companies by 6,900.0% during the third quarter. Quarry LP now owns 1,120 shares of the transportation company's stock valued at $52,000 after purchasing an additional 1,104 shares in the last quarter. Danske Bank A S acquired a new stake in Greenbrier Companies during the fourth quarter valued at approximately $61,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Greenbrier Companies in the 2nd quarter valued at approximately $62,000. 95.59% of the stock is owned by institutional investors.

Greenbrier Companies Trading Up 0.1%

NYSE:GBX opened at $45.95 on Monday. Greenbrier Companies, Inc. has a 1 year low of $38.23 and a 1 year high of $59.19. The firm has a 50 day moving average of $48.20 and a 200-day moving average of $50.21. The stock has a market capitalization of $1.42 billion, a P/E ratio of 13.64 and a beta of 1.43.

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

Greenbrier Companies Dividend Announcement

The firm also recently disclosed 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 of this dividend was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.0%. Greenbrier Companies's dividend payout ratio (DPR) is presently 40.36%.

Analyst Ratings Changes

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

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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