Greenbrier Companies, Inc. (The) (NYSE:GBX) Stock Holdings Cut by Moors & Cabot Inc.

Key Points

• Moors & Cabot Inc. has reduced its holdings in Greenbrier Companies by 50.6%, now owning 11,950 shares valued at $612,000.
• In the latest quarter, Greenbrier Companies reported earnings of $1.86 per share, significantly exceeding analysts' expectations of $0.99.
• The company announced a quarterly dividend of $0.32 per share, representing an annual yield of 2.9% and a payout ratio of 18.13%.

Moors & Cabot Inc. trimmed its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 50.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,950 shares of the transportation company's stock after selling 12,225 shares during the period. Moors & Cabot Inc.'s holdings in Greenbrier Companies were worth $612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in GBX. LPL Financial LLC boosted its holdings in shares of Greenbrier Companies by 4.5% in the fourth quarter. LPL Financial LLC now owns 12,728 shares of the transportation company's stock valued at $776,000 after purchasing an additional 550 shares during the period. Norges Bank purchased a new stake in Greenbrier Companies during the fourth quarter worth $14,257,000. Arrowstreet Capital Limited Partnership purchased a new stake in Greenbrier Companies during the fourth quarter worth $9,671,000. Alliancebernstein L.P. lifted its holdings in Greenbrier Companies by 0.6% during the fourth quarter. Alliancebernstein L.P. now owns 32,993 shares of the transportation company's stock worth $2,012,000 after buying an additional 196 shares during the period. Finally, Trexquant Investment LP lifted its holdings in Greenbrier Companies by 59.2% during the fourth quarter. Trexquant Investment LP now owns 81,305 shares of the transportation company's stock worth $4,959,000 after buying an additional 30,249 shares during the period. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

Shares of GBX stock traded up $0.91 during mid-day trading on Tuesday, hitting $45.17. 510,682 shares of the stock were exchanged, compared to its average volume of 571,528. The firm has a fifty day moving average of $47.98 and a 200 day moving average of $50.79. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. Greenbrier Companies, Inc. has a 52-week low of $37.77 and a 52-week high of $71.06. The company has a market cap of $1.39 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

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 the consensus estimate of $0.99 by $0.87. The firm had revenue of $842.70 million for the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%. Greenbrier Companies's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. Research analysts anticipate that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. Greenbrier Companies's dividend payout ratio (DPR) is presently 18.13%.

Wall Street Analysts Forecast Growth

GBX has been the topic of several research reports. Wall Street Zen raised Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Susquehanna increased their price target on Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, July 2nd.

Insiders Place Their Bets

In other Greenbrier Companies news, COO William J. Krueger sold 4,000 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total value of $192,000.00. Following the completion of the sale, the chief operating officer directly owned 32,714 shares of the company's stock, valued at approximately $1,570,272. The trade was a 10.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wanda F. Felton sold 3,652 shares of the company's 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 of the company's stock, valued at approximately $162,930. The trade was a 54.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,379 shares of company stock valued at $691,213. 1.78% of the stock is currently owned by insiders.

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.