Royal Bank of Canada Trims Stake in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Royal Bank of Canada cut its Greenbrier Companies stake by 99.5% in the first quarter, selling 1.54 million shares and retaining 7,935 shares valued at approximately $417,000. Institutional investors collectively own 95.59% of GBX.
• Analyst sentiment is cautious: three analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and an average price target of $45.
• Greenbrier exceeded quarterly EPS expectations with $0.60 versus $0.57 but reported revenue of $576.5 million, down 31.6% year over year and below estimates. The company maintains a quarterly dividend of $0.34, representing a 2.9% annualized yield.

Royal Bank of Canada lessened its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 99.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,935 shares of the transportation company's stock after selling 1,541,695 shares during the period. Royal Bank of Canada's holdings in Greenbrier Companies were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GBX. Gen Wealth Partners Inc acquired a new position in Greenbrier Companies in the fourth quarter valued at about $38,000. Meeder Asset Management Inc. acquired a new stake in shares of Greenbrier Companies during the first quarter valued at about $54,000. Quarry LP increased its position in shares of Greenbrier Companies by 6,900.0% during the third quarter. Quarry LP now owns 1,120 shares of the transportation company's stock valued at $52,000 after acquiring an additional 1,104 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Greenbrier Companies during the fourth quarter valued at about $61,000. Finally, State of Wyoming purchased a new stake in shares of Greenbrier Companies in the 1st quarter valued at approximately $149,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GBX. Susquehanna lowered shares of Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 price objective on the stock. in a report on Thursday, July 2nd. Weiss Ratings lowered Greenbrier Companies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 5th. Wall Street Zen upgraded Greenbrier Companies from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Zacks Research upgraded Greenbrier Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Greenbrier Companies has a consensus rating of "Reduce" and an average price target of $45.00.

Greenbrier Companies Stock Performance

NYSE GBX opened at $46.21 on Thursday. The firm has a 50 day simple moving average of $48.35 and a 200-day simple moving average of $50.33. Greenbrier Companies, Inc. has a one year low of $38.23 and a one year high of $59.19. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 13.71 and a beta of 1.43.

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

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.36 annualized dividend and a dividend yield of 2.9%. Greenbrier Companies's payout ratio is 40.36%.

About Greenbrier Companies

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.

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