Hsbc Holdings PLC Sells 11,775 Shares of Greenbrier Companies, Inc. (The) $GBX

Key Points

• Hsbc Holdings PLC reduced its stake in Greenbrier Companies by 64.5% during the first quarter, now owning just 6,477 shares worth approximately $330,000.
• Despite Hsbc's sell-off, other institutional investors increased their stakes, including Vanguard Group which lifted its position by 6.8%, now holding nearly 3.8 million shares.
• Greenbrier Companies reported earnings of $1.86 per share, significantly exceeding estimates, with a revenue of $842.7 million for the quarter compared to the expected $785.72 million.

Hsbc Holdings PLC trimmed its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 64.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,477 shares of the transportation company's stock after selling 11,775 shares during the quarter. Hsbc Holdings PLC's holdings in Greenbrier Companies were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Greenbrier Companies by 6.8% in the first quarter. Vanguard Group Inc. now owns 3,778,630 shares of the transportation company's stock valued at $193,541,000 after buying an additional 242,180 shares in the last quarter. Encompass Capital Advisors LLC grew its holdings in shares of Greenbrier Companies by 26.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 930,236 shares of the transportation company's stock valued at $56,735,000 after purchasing an additional 193,340 shares during the last quarter. LSV Asset Management lifted its position in Greenbrier Companies by 9.1% in the first quarter. LSV Asset Management now owns 595,064 shares of the transportation company's stock worth $30,479,000 after purchasing an additional 49,879 shares during the period. Ameriprise Financial Inc. boosted its holdings in Greenbrier Companies by 2.0% in the fourth quarter. Ameriprise Financial Inc. now owns 536,381 shares of the transportation company's stock worth $32,714,000 after purchasing an additional 10,521 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Greenbrier Companies by 4.5% in the first quarter. Victory Capital Management Inc. now owns 525,908 shares of the transportation company's stock worth $26,937,000 after purchasing an additional 22,838 shares in the last quarter. Institutional investors own 95.59% of the company's stock.

Greenbrier Companies Price Performance

Shares of GBX traded down $0.72 during trading hours on Monday, reaching $46.44. The stock had a trading volume of 106,516 shares, compared to its average volume of 451,978. Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06. The stock has a market capitalization of $1.43 billion, a PE ratio of 6.57, a PEG ratio of 1.57 and a beta of 1.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 1.48. The company's 50-day moving average is $48.30 and its two-hundred day moving average is $47.76.

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

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 17th. Greenbrier Companies's dividend payout ratio (DPR) is 18.13%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Susquehanna increased their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the company a "positive" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Greenbrier Companies from a "buy" rating to a "strong-buy" rating in a report on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $59.50.

Insider Activity

In other Greenbrier Companies news, COO William J. Krueger sold 4,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total transaction of $192,000.00. Following the completion of the transaction, the chief operating officer owned 32,714 shares in the company, valued at approximately $1,570,272. This represents a 10.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wanda F. Felton sold 3,652 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $54.31, for a total transaction of $198,340.12. Following the sale, the director directly owned 3,000 shares in the company, valued at $162,930. This represents a 54.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,379 shares of company stock worth $595,213 over the last three months. Insiders own 1.78% of the company's stock.

Greenbrier Companies Company 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.