GAMMA Investing LLC Raises Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

GAMMA Investing LLC grew its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 6,100.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,876 shares of the transportation company's stock after buying an additional 38,249 shares during the period. GAMMA Investing LLC owned 0.12% of Greenbrier Companies worth $1,991,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Greenbrier Companies by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 32,993 shares of the transportation company's stock valued at $2,012,000 after buying an additional 196 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Greenbrier Companies by 44.7% in the 1st quarter. Versant Capital Management Inc now owns 690 shares of the transportation company's stock valued at $35,000 after buying an additional 213 shares in the last quarter. Quarry LP boosted its holdings in shares of Greenbrier Companies by 892.7% in the 4th quarter. Quarry LP now owns 407 shares of the transportation company's stock valued at $25,000 after buying an additional 366 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Greenbrier Companies by 0.7% in the 4th quarter. Swiss National Bank now owns 61,200 shares of the transportation company's stock valued at $3,733,000 after buying an additional 400 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Greenbrier Companies by 9.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,516 shares of the transportation company's stock worth $397,000 after purchasing an additional 548 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Stock Performance

GBX stock traded down $1.00 during trading on Friday, reaching $45.22. The company had a trading volume of 138,402 shares, compared to its average volume of 374,831. The firm has a 50-day simple moving average of $44.17 and a 200-day simple moving average of $54.88. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The Greenbrier Companies, Inc. has a twelve month low of $37.77 and a twelve month high of $71.06.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its earnings results on Monday, April 7th. The transportation company reported $1.69 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.09). Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company had revenue of $762.10 million during the quarter, compared to analyst estimates of $898.53 million. During the same quarter last year, the business earned $1.03 earnings per share. The firm's revenue for the quarter was down 11.7% on a year-over-year basis. As a group, sell-side analysts expect 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.83%. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, April 22nd. Greenbrier Companies's payout ratio is presently 20.45%.

Insider Buying and Selling at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. Following the completion of the transaction, the chief operating officer now directly owns 36,714 shares in the company, valued at $1,762,272. The trade was a 5.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, Susquehanna lowered their target price on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research note on Tuesday, April 8th.

Greenbrier Companies Profile

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.