Freestone Grove Partners LP Invests $1.65 Million in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Freestone Grove Partners LP initiated a $1.65 million position in Greenbrier Companies, purchasing 33,707 shares, while institutional investors collectively own 95.59% of the company.
• Analysts remain cautious: Greenbrier has an average “Reduce” rating and a consensus price target of $45, with recent firms largely moving ratings to “Hold” or “Neutral.”
• Greenbrier exceeded quarterly EPS expectations, reporting $0.60 versus $0.57 forecast, 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 3% annually.

Freestone Grove Partners LP bought a new position in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,707 shares of the transportation company's stock, valued at approximately $1,652,000. Freestone Grove Partners LP owned about 0.11% of Greenbrier Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Gen Wealth Partners Inc purchased a new position in Greenbrier Companies during the fourth quarter worth approximately $38,000. Meeder Asset Management Inc. purchased a new stake in shares of Greenbrier Companies during the 1st quarter valued at $54,000. Quarry LP increased its holdings in shares of Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company's stock worth $52,000 after buying an additional 1,104 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Greenbrier Companies during the 4th quarter worth $61,000. Finally, State of Wyoming purchased a new position in shares of Greenbrier Companies in the 1st quarter worth $149,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Greenbrier Companies Price Performance

NYSE:GBX opened at $45.95 on Friday. The business's 50-day moving average is $48.20 and its two-hundred day moving average is $50.24. The firm has a market capitalization of $1.42 billion, a PE ratio of 13.64 and a beta of 1.43. Greenbrier Companies, Inc. has a 12 month low of $38.23 and a 12 month high of $59.19.

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

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. Greenbrier Companies's dividend payout ratio (DPR) is presently 40.36%.

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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