Greenbrier Companies, Inc. (The) $GBX Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Greenbrier Companies stake by 156.9% in the second quarter, reaching 44,730 shares valued at approximately $2.19 million. Institutional investors and hedge funds collectively own 95.59% of the company.
• Greenbrier reported quarterly EPS of $0.60, above the $0.57 analyst estimate, but revenue fell 31.6% year over year to $576.5 million, below expectations. The company’s stock opened at $43.08, near analysts’ average target of $45.
• Greenbrier declared a quarterly dividend of $0.34 per share, equivalent to a $1.36 annualized payout and a 3.2% yield. Analyst sentiment remains cautious, with an average “Reduce” rating and three Hold ratings versus one Sell rating.

Engineers Gate Manager LP grew its position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 156.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,730 shares of the transportation company's stock after purchasing an additional 27,321 shares during the quarter. Engineers Gate Manager LP owned approximately 0.14% of Greenbrier Companies worth $2,192,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GBX. Dimensional Fund Advisors LP boosted its holdings in Greenbrier Companies by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,979,546 shares of the transportation company's stock worth $104,222,000 after buying an additional 13,153 shares in the last quarter. California State Teachers Retirement System increased its holdings in Greenbrier Companies by 4,393.8% in the second quarter. California State Teachers Retirement System now owns 1,680,014 shares of the transportation company's stock valued at $82,337,000 after buying an additional 1,642,629 shares in the last quarter. LSV Asset Management raised its position in shares of Greenbrier Companies by 18.4% in the fourth quarter. LSV Asset Management now owns 789,711 shares of the transportation company's stock worth $36,911,000 after acquiring an additional 122,709 shares during the period. Atlas FRM LLC acquired a new position in shares of Greenbrier Companies in the second quarter worth about $38,599,688. Finally, Donald Smith & CO. Inc. purchased a new stake in shares of Greenbrier Companies during the 2nd quarter worth about $31,987,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Stock Down 0.0%

GBX stock opened at $43.08 on Tuesday. Greenbrier Companies, Inc. has a 52 week low of $38.23 and a 52 week high of $59.19. The firm has a 50-day simple moving average of $46.86 and a 200-day simple moving average of $49.11. The stock has a market capitalization of $1.33 billion, a P/E ratio of 12.78 and a beta of 1.42.

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

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Thursday, July 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, July 16th. Greenbrier Companies's payout ratio is presently 40.36%.

Wall Street Analyst Weigh In

GBX has been the topic of a number of analyst reports. Weiss Ratings cut Greenbrier Companies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Wall Street Zen raised Greenbrier Companies from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Susquehanna downgraded 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. Finally, Zacks Research upgraded Greenbrier Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Greenbrier Companies presently has an average rating of "Reduce" and an average target price of $45.00.

Greenbrier Companies Profile

The Greenbrier Companies, Inc is a global manufacturer and provider of transportation equipment and services, specializing in freight railcars. The company designs and builds a broad range of railcars, including covered hopper cars, tank cars, boxcars, gondolas, intermodal platforms and automotive carriers.

Greenbrier also provides railcar leasing, fleet management and maintenance services. Its offerings include railcar refurbishment, repair, parts and logistics solutions designed to support railroads, shippers, leasing companies and other participants in the freight transportation industry.

Founded in 1974, Greenbrier serves customers primarily in North America, as well as selected international markets, including Europe and Brazil.

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