Greenbrier Companies, Inc. (The) $GBX Shares Sold by Hsbc Holdings PLC

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 shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 64.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Greenbrier Companies by 44.7% during the first 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 during the period. NBC Securities Inc. grew its position in Greenbrier Companies by 108,700.0% during the first quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock valued at $55,000 after buying an additional 1,087 shares during the period. Curat Global LLC bought a new stake in Greenbrier Companies during the first quarter valued at approximately $56,000. US Bancorp DE grew its position in Greenbrier Companies by 111.1% during the first quarter. US Bancorp DE now owns 1,121 shares of the transportation company's stock valued at $57,000 after buying an additional 590 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Greenbrier Companies during the fourth quarter valued at approximately $65,000. 95.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Greenbrier Companies

In other news, Director Thomas B. Fargo sold 3,727 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total value of $204,873.19. Following the sale, the director directly owned 2,141 shares in the company, valued at approximately $117,690.77. This trade represents a 63.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Huffines purchased 2,500 shares of the stock in a transaction dated Friday, August 8th. The stock was purchased at an average price of $44.84 per share, for a total transaction of $112,100.00. Following the completion of the acquisition, the director directly owned 13,909 shares in the company, valued at approximately $623,679.56. This represents a 21.91% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 11,379 shares of company stock valued at $595,213 in the last 90 days. Insiders own 1.78% of the company's stock.

Greenbrier Companies Trading Down 1.3%

Shares of GBX traded down $0.63 during midday trading on Tuesday, hitting $45.84. The stock had a trading volume of 25,459 shares, compared to its average volume of 450,267. Greenbrier Companies, Inc. has a 1 year low of $37.77 and a 1 year high of $71.06. The firm has a market cap of $1.42 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82. The stock's 50 day moving average is $48.31 and its 200 day moving average is $47.71.

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

Greenbrier Companies Announces Dividend

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

Analyst Upgrades and Downgrades

GBX has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Greenbrier Companies from a "buy" rating to a "strong-buy" rating in a research report on Friday. Susquehanna upped their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $59.50.

About Greenbrier Companies

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.