Legal & General Group Plc Takes Position in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Legal & General Group Plc bought 75,973 Greenbrier shares worth approximately $3.72 million, giving it a 0.25% stake. Institutional investors collectively own 95.59% of the company.
• Greenbrier reported quarterly EPS of $0.60, above the $0.57 consensus estimate, but revenue fell 31.6% year over year to $576.5 million, below expectations. The company also pays a quarterly dividend of $0.34 per share, yielding about 3.1% annually.
• GBX recently traded at $43.19, near its 52-week low of $38.23, while analysts maintain a cautious outlook with a consensus “Reduce” rating and an average price target of $45.00.

Legal & General Group Plc purchased a new stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 75,973 shares of the transportation company's stock, valued at approximately $3,723,000. Legal & General Group Plc owned approximately 0.25% of Greenbrier Companies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GBX. Toronto Dominion Bank grew its position in Greenbrier Companies by 254.6% during the fourth quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company's stock valued at $86,900,000 after buying an additional 1,334,891 shares during the period. Atlas FRM LLC bought a new stake in Greenbrier Companies in the second quarter worth about $38,599,688. Donald Smith & CO. Inc. purchased a new position in Greenbrier Companies in the second quarter valued at about $31,987,000. Deprince Race & Zollo Inc. purchased a new position in Greenbrier Companies in the first quarter valued at about $20,312,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Greenbrier Companies by 98.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company's stock valued at $35,658,000 after acquiring an additional 379,314 shares during the period. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Performance

GBX stock opened at $43.19 on Friday. The firm has a market cap of $1.34 billion, a P/E ratio of 12.82 and a beta of 1.42. The firm's fifty day moving average is $47.51 and its 200 day moving average is $49.81. Greenbrier Companies, Inc. has a 52 week low of $38.23 and a 52 week high of $59.19.

Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $576.50 million during the quarter, compared to the consensus estimate of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The business's revenue was down 31.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 earnings per share. As a group, analysts forecast that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 16th. Greenbrier Companies's payout ratio is presently 40.36%.

Wall Street Analysts Forecast Growth

GBX has been the subject of a number of recent research reports. Weiss Ratings downgraded Greenbrier Companies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday. Wall Street Zen upgraded Greenbrier Companies from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Susquehanna cut Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 price objective on the stock. in a research note on Thursday, July 2nd. Finally, Zacks Research raised shares of Greenbrier Companies from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $45.00.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier's operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.

Want to see what other hedge funds are holding GBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.