The Greenbrier Companies, Inc. (NYSE:GBX) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 28.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,577 shares of the transportation company's stock after buying an additional 8,908 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.13% of Greenbrier Companies worth $2,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GBX. LSV Asset Management raised its stake in shares of Greenbrier Companies by 94.3% during the 4th quarter. LSV Asset Management now owns 545,185 shares of the transportation company's stock worth $33,251,000 after buying an additional 264,552 shares during the last quarter. Norges Bank acquired a new position in Greenbrier Companies in the 4th quarter valued at about $14,257,000. Encompass Capital Advisors LLC raised its stake in Greenbrier Companies by 26.2% in the 4th 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. Arrowstreet Capital Limited Partnership acquired a new position in Greenbrier Companies in the 4th quarter valued at about $9,671,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Greenbrier Companies in the 4th quarter valued at about $6,837,000. Institutional investors and hedge funds own 95.59% of the company's stock.

Analyst Ratings Changes

Separately, Susquehanna cut their target price on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research note on Tuesday, April 8th.

Greenbrier Companies Price Performance

GBX stock traded down $1.00 during trading on Friday, hitting $45.22. The stock had a trading volume of 138,402 shares, compared to its average volume of 374,354. The company's 50 day moving average price is $44.17 and its two-hundred day moving average price is $54.79. The Greenbrier Companies, Inc. has a 1-year low of $37.77 and a 1-year high of $71.06. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings data on Monday, April 7th. The transportation company reported $1.69 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.09). The company had revenue of $762.10 million for the quarter, compared to analyst estimates of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company's revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. On average, sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.83%. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, April 22nd. Greenbrier Companies's payout ratio is 20.45%.

Insiders Place Their Bets

In related news, COO William J. Krueger sold 2,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. Following the completion of the sale, the chief operating officer now directly owns 36,714 shares in the company, valued at approximately $1,762,272. This represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.78% of the stock is owned by insiders.

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.