Tiptree Advisors LLC Invests $2.53 Million in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Tiptree Advisors LLC acquired 51,709 Greenbrier shares worth approximately $2.53 million, giving it a 0.17% stake; institutional investors collectively own 95.59% of the company.
• Greenbrier’s latest quarterly results beat EPS expectations at $0.60 versus $0.57, but revenue fell 31.6% year over year to $576.5 million and missed estimates.
• The stock was trading at $46.21, while analysts maintained a cautious outlook with an average “Reduce” rating and a $45 price target; the company pays a $0.34 quarterly dividend, yielding about 2.9%.

Tiptree Advisors LLC acquired a new stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 51,709 shares of the transportation company's stock, valued at approximately $2,534,000. Greenbrier Companies comprises about 1.6% of Tiptree Advisors LLC's holdings, making the stock its 21st largest holding. Tiptree Advisors LLC owned 0.17% of Greenbrier Companies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GBX. Gen Wealth Partners Inc bought a new position in Greenbrier Companies in the fourth quarter worth about $38,000. Meeder Asset Management Inc. bought a new position in shares of Greenbrier Companies during the second quarter valued at approximately $50,000. Quarry LP raised its position in shares of Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,104 shares during the period. Danske Bank A S acquired a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $61,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Greenbrier Companies by 282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company's stock worth $140,000 after purchasing an additional 2,245 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company's stock.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $46.21 on Thursday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 13.71 and a beta of 1.43. Greenbrier Companies, Inc. has a 12 month low of $38.23 and a 12 month high of $59.19. The stock's 50 day moving average price is $48.35 and its 200 day moving average price is $50.33.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The firm had revenue of $576.50 million during the quarter, compared to analyst estimates of $612.69 million. During the same period last year, the company posted $1.86 EPS. The firm's quarterly revenue was down 31.6% on a year-over-year basis. On average, sell-side analysts expect that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Thursday, July 16th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 2.9%. Greenbrier Companies's dividend payout ratio (DPR) is currently 40.36%.

Wall Street Analysts Forecast Growth

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

Greenbrier Companies Company Profile

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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