Greenbrier Companies, Inc. (The) $GBX Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holding in Greenbrier Companies by 17.8%, acquiring an additional 66,150 shares, resulting in a total of 437,868 shares valued at approximately $22.4 million.
• Analysts have mixed ratings on Greenbrier Companies, with a consensus rating of "Hold" and an average price target of $59.50.
• The company recently declared a quarterly dividend of $0.32 per share, yielding about 2.8% annually, with a payout ratio of 18.13%.

Invesco Ltd. grew its position in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,868 shares of the transportation company's stock after acquiring an additional 66,150 shares during the quarter. Invesco Ltd. owned about 1.39% of Greenbrier Companies worth $22,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Greenbrier Companies in the first quarter valued at approximately $586,000. New York State Teachers Retirement System lifted its position in shares of Greenbrier Companies by 27.2% in the first quarter. New York State Teachers Retirement System now owns 13,848 shares of the transportation company's stock valued at $709,000 after acquiring an additional 2,960 shares in the last quarter. Northern Trust Corp lifted its position in shares of Greenbrier Companies by 20.5% in the fourth quarter. Northern Trust Corp now owns 389,406 shares of the transportation company's stock valued at $23,750,000 after acquiring an additional 66,185 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Greenbrier Companies by 6,100.3% in the first quarter. GAMMA Investing LLC now owns 38,876 shares of the transportation company's stock valued at $1,991,000 after acquiring an additional 38,249 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in shares of Greenbrier Companies by 108,700.0% in the first quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock valued at $55,000 after acquiring an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

Insiders Place Their Bets

In other Greenbrier Companies news, Director Wanda F. Felton sold 3,652 shares of Greenbrier Companies stock in a transaction on Friday, July 11th. The stock was sold at an average price of $54.31, for a total value of $198,340.12. Following the sale, the director owned 3,000 shares in the company, valued at $162,930. The trade was a 54.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James R. Huffines bought 2,500 shares of Greenbrier Companies stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $44.84 per share, for a total transaction of $112,100.00. Following the transaction, the director directly owned 13,909 shares of the company's stock, valued at approximately $623,679.56. This trade represents a 21.91% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 11,379 shares of company stock worth $595,213 over the last ninety days. Company insiders own 1.78% of the company's stock.

Greenbrier Companies Trading Up 1.3%

Greenbrier Companies stock traded up $0.61 during trading on Tuesday, reaching $46.82. 304,166 shares of the company were exchanged, compared to its average volume of 312,580. Greenbrier Companies, Inc. has a 52-week low of $37.77 and a 52-week high of $71.06. 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 company has a market capitalization of $1.45 billion, a P/E ratio of 6.63, a PEG ratio of 1.29 and a beta of 1.69. The stock's 50 day simple moving average is $48.15 and its two-hundred day simple moving average is $48.59.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its 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 return on equity of 14.56% and a net margin of 6.48%.The company had revenue of $842.70 million for the quarter, compared to the consensus estimate of $785.72 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company'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. On average, equities research analysts expect that Greenbrier Companies, Inc. will post 5.9 earnings per share 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 given a $0.32 dividend. The ex-dividend date was Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. Greenbrier Companies's payout ratio is currently 18.13%.

Wall Street Analysts Forecast Growth

GBX has been the topic of a number of analyst reports. Susquehanna lifted 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 downgraded Greenbrier Companies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Greenbrier Companies presently has a consensus rating of "Hold" and a consensus target price of $59.50.

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.