MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 98,193 Shares of Greenbrier Companies, Inc. (The) $GBX

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 18.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 420,626 shares of the transportation company's stock after selling 98,193 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.34% of Greenbrier Companies worth $21,545,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its holdings in Greenbrier Companies by 44.7% in the 1st 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 in the last quarter. NBC Securities Inc. grew its holdings in Greenbrier Companies by 108,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock worth $55,000 after acquiring an additional 1,087 shares in the last quarter. Curat Global LLC bought a new position in Greenbrier Companies during the 1st quarter worth approximately $56,000. US Bancorp DE raised its holdings in shares of 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 purchasing an additional 590 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Greenbrier Companies in the fourth quarter valued at approximately $65,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Stock Down 1.5%

GBX stock traded down $0.69 during midday trading on Friday, reaching $46.50. The company had a trading volume of 114,321 shares, compared to its average volume of 446,492. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83. Greenbrier Companies, Inc. has a 1 year low of $37.77 and a 1 year high of $71.06. The company has a 50 day moving average of $47.89 and a two-hundred day moving average of $47.63. The company has a market capitalization of $1.44 billion, a P/E ratio of 6.59, a PEG ratio of 1.53 and a beta of 1.72.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued 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. The firm had revenue of $842.70 million for the quarter, compared to the consensus estimate of $785.72 million. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%.The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. 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 business also recently declared 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 of this dividend was Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. Greenbrier Companies's payout ratio is currently 18.13%.

Insider Buying and Selling

In other news, COO William J. Krueger sold 4,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $48.00, for a total transaction of $192,000.00. Following the transaction, the chief operating officer owned 32,714 shares of the company's stock, valued at approximately $1,570,272. This represents a 10.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas B. Fargo sold 3,727 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $54.97, for a total value of $204,873.19. Following the sale, the director directly owned 2,141 shares of the company's stock, valued at $117,690.77. The trade was a 63.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,379 shares of company stock worth $595,213. Insiders own 1.78% of the company's stock.

Wall Street Analysts Forecast Growth

GBX has been the topic of several recent research reports. Susquehanna lifted their price objective on shares of Greenbrier Companies from $52.00 to $57.00 and gave the company 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 report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $59.50.

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.