Millennium Management LLC Sells 93,115 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Millennium Management LLC lowered its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 31.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 205,917 shares of the transportation company's stock after selling 93,115 shares during the quarter. Millennium Management LLC owned 0.66% of Greenbrier Companies worth $12,559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in shares of Greenbrier Companies by 147.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company's stock valued at $499,000 after acquiring an additional 4,876 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $2,527,000. M3 Advisory Group LLC bought a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $225,000. Northern Trust Corp raised its holdings in shares of Greenbrier Companies by 20.5% during 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. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $9,671,000. Institutional investors own 95.59% of the company's stock.

Analysts Set New Price Targets

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

Greenbrier Companies Stock Down 0.8%

GBX stock traded down $0.35 during midday trading on Thursday, hitting $44.83. The stock had a trading volume of 27,655 shares, compared to its average volume of 475,354. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The business has a 50-day moving average of $45.19 and a two-hundred day moving average of $56.57. The 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 0.89, a current ratio of 1.53 and a quick ratio of 0.84.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.09). The firm had revenue of $762.10 million during the quarter, compared to analysts' expectations of $898.53 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. Greenbrier Companies's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd were paid a $0.32 dividend. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio is currently 20.45%.

Insider Transactions at Greenbrier Companies

In other 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 sale, the chief operating officer now directly owns 36,714 shares of the company's stock, valued at approximately $1,762,272. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.78% of the company's stock.

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.