LSV Asset Management Raises Stake in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Key Points

• LSV Asset Management increased its stake in Greenbrier Companies by 9.1%, acquiring a total of 595,064 shares worth approximately $30.48 million.
• Greenbrier Companies reported $1.86 EPS for the recent quarter, significantly exceeding analysts' expectations of $0.99, with revenues also surpassing estimates at $842.70 million.
• The company announced a quarterly dividend of $0.32 per share, which is set to be paid to stockholders on August 7, representing an annual yield of 2.9%.

LSV Asset Management grew its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 595,064 shares of the transportation company's stock after purchasing an additional 49,879 shares during the period. LSV Asset Management owned approximately 1.90% of Greenbrier Companies worth $30,479,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Alliancebernstein L.P. lifted its stake in Greenbrier Companies by 0.6% during the fourth quarter. Alliancebernstein L.P. now owns 32,993 shares of the transportation company's stock worth $2,012,000 after purchasing an additional 196 shares during the period. Versant Capital Management Inc lifted its position in 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 acquiring an additional 213 shares in the last quarter. Quarry LP lifted its position in Greenbrier Companies by 892.7% during the 4th quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after buying an additional 366 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Greenbrier Companies by 9.2% during 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 during the last quarter. Finally, LPL Financial LLC raised its holdings in Greenbrier Companies by 4.5% in the 4th quarter. LPL Financial LLC now owns 12,728 shares of the transportation company's stock valued at $776,000 after acquiring an additional 550 shares during the period. 95.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Wanda F. Felton sold 3,652 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $54.31, for a total value of $198,340.12. Following the transaction, the director owned 3,000 shares of the company's stock, valued at approximately $162,930. This trade represents a 54.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas B. Fargo sold 3,727 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $54.97, for a total transaction of $204,873.19. Following the completion of the transaction, the director directly owned 2,141 shares in the company, valued at approximately $117,690.77. The trade was a 63.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,379 shares of company stock worth $691,213 in the last three months. 1.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Susquehanna lifted their price objective 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.

Greenbrier Companies Stock Performance

GBX stock traded up $0.91 during mid-day trading on Tuesday, hitting $45.17. The company had a trading volume of 510,682 shares, compared to its average volume of 571,528. The firm has a market cap of $1.39 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 1.48. Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06. The stock's fifty day moving average price is $47.98 and its two-hundred day moving average price is $50.79.

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

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, July 17th. Greenbrier Companies's dividend payout ratio (DPR) is presently 18.13%.

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.