Greenbrier Companies, Inc. (The) $GBX Shares Sold by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Greenbrier Companies by 37.7%, now holding approximately 25,268 shares worth $1.16 million.
• The transportation company reported $1.86 earnings per share for the recent quarter, exceeding the consensus estimate by $0.87, with a revenue of $842.70 million.
• Greenbrier Companies announced a quarterly dividend of $0.32 per share, which reflects a 2.7% yield and an annualized payment of $1.28.

Harbor Capital Advisors Inc. decreased its position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 37.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,268 shares of the transportation company's stock after selling 15,309 shares during the quarter. Harbor Capital Advisors Inc. owned 0.08% of Greenbrier Companies worth $1,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in Greenbrier Companies by 44.7% in the first quarter. Versant Capital Management Inc now owns 690 shares of the transportation company's stock valued at $35,000 after purchasing an additional 213 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Greenbrier Companies by 108,700.0% in the 1st 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 purchased a new stake in shares of Greenbrier Companies in the first quarter worth about $56,000. US Bancorp DE grew its holdings in Greenbrier Companies by 111.1% during the first quarter. US Bancorp DE now owns 1,121 shares of the transportation company's stock worth $57,000 after acquiring an additional 590 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Greenbrier Companies during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 95.59% of the company's stock.

Insider Transactions at Greenbrier Companies

In other 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 sale, the chief operating officer owned 32,714 shares of the company's stock, valued at $1,570,272. This represents a 10.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wanda F. Felton sold 3,652 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $54.31, for a total transaction of $198,340.12. Following the completion of the sale, the director owned 3,000 shares of the company's stock, valued at $162,930. This trade represents a 54.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,379 shares of company stock valued at $595,213 in the last 90 days. 1.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on GBX. Susquehanna upped their price objective on Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Greenbrier Companies from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.50.

Greenbrier Companies Price Performance

Shares of NYSE GBX traded up $0.29 during trading on Monday, hitting $46.45. The company had a trading volume of 359,578 shares, compared to its average volume of 268,295. Greenbrier Companies, Inc. has a fifty-two week low of $37.77 and a fifty-two week high of $71.06. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $46.66 and a two-hundred day simple moving average of $47.09. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.72.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share 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 for the quarter, compared to analyst estimates of $785.72 million. During the same period last year, the company posted $1.06 EPS. Greenbrier Companies's quarterly revenue was up 2.7% compared to the same quarter last year. Greenbrier Companies has set its FY 2025 guidance at EPS. On average, research analysts expect that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

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

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.