Raiffeisen Bank International AG Raises Stake in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Key Points

• Raiffeisen Bank International AG increased its stake in Greenbrier Companies by 73.5%, owning 14,703 shares valued at approximately $763,000 after acquiring an additional 6,229 shares in Q1.
• Greenbrier Companies' latest quarterly earnings surpassed expectations, reporting $1.86 earnings per share, exceeding analyst estimates by $0.87, along with a revenue of $842.70 million.
• The company announced a quarterly dividend of $0.32 per share, with an annualized dividend of $1.28, yielding 2.9%, set to be paid on August 7th.

Raiffeisen Bank International AG boosted its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 73.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,703 shares of the transportation company's stock after acquiring an additional 6,229 shares during the period. Raiffeisen Bank International AG's holdings in Greenbrier Companies were worth $763,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GBX. Quarry LP raised its holdings in Greenbrier Companies by 892.7% in the fourth quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after buying an additional 366 shares during the last quarter. F M Investments LLC purchased a new position in Greenbrier Companies in the fourth quarter worth about $35,000. Versant Capital Management Inc raised its holdings in Greenbrier Companies by 44.7% in the first quarter. Versant Capital Management Inc now owns 690 shares of the transportation company's stock worth $35,000 after buying an additional 213 shares during the last quarter. NBC Securities Inc. raised its holdings in Greenbrier Companies by 108,700.0% in the first quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock worth $55,000 after buying an additional 1,087 shares during the last quarter. Finally, Curat Global LLC purchased a new position in Greenbrier Companies in the first quarter worth about $56,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GBX has been the subject of several research reports. Susquehanna boosted their price objective on shares of Greenbrier Companies from $52.00 to $57.00 and gave the company a "positive" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 5th.

Greenbrier Companies Stock Performance

Shares of NYSE GBX opened at $44.30 on Tuesday. The firm has a 50 day moving average of $47.98 and a 200 day moving average of $50.79. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 1.23 and a beta of 1.69. Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.87. The business had revenue of $842.70 million during the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The company's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. On average, research analysts anticipate that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. Greenbrier Companies's dividend payout ratio is currently 18.13%.

Insider Buying and Selling

In related news, Director Thomas B. Fargo sold 3,727 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total transaction of $204,873.19. Following the completion of the transaction, the director owned 2,141 shares in the company, valued at approximately $117,690.77. This represents a 63.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $198,340.12. Following the transaction, the director owned 3,000 shares of the company's stock, valued at approximately $162,930. This represents a 54.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,379 shares of company stock worth $691,213. 1.78% of the stock is 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.

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