Two Sigma Investments LP Sells 45,204 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Two Sigma Investments LP trimmed its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 76.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,167 shares of the transportation company's stock after selling 45,204 shares during the quarter. Two Sigma Investments LP's holdings in Greenbrier Companies were worth $864,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GBX. Values First Advisors Inc. grew its stake in shares of Greenbrier Companies by 3.8% in the fourth quarter. Values First Advisors Inc. now owns 4,134 shares of the transportation company's stock worth $252,000 after purchasing an additional 151 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Greenbrier Companies by 0.6% during the fourth quarter. Alliancebernstein L.P. now owns 32,993 shares of the transportation company's stock valued at $2,012,000 after purchasing an additional 196 shares during the period. Quarry LP raised its holdings in shares of Greenbrier Companies by 892.7% during the fourth quarter. Quarry LP now owns 407 shares of the transportation company's stock valued at $25,000 after purchasing an additional 366 shares during the period. Swiss National Bank raised its holdings in shares of Greenbrier Companies by 0.7% during the fourth quarter. Swiss National Bank now owns 61,200 shares of the transportation company's stock valued at $3,733,000 after purchasing an additional 400 shares during the period. Finally, KBC Group NV increased its position in shares of Greenbrier Companies by 57.8% during the fourth quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock worth $89,000 after acquiring an additional 537 shares in the last quarter. 95.59% of the stock is owned by institutional investors.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $48.00, for a total value of $96,000.00. Following the sale, the chief operating officer now directly owns 36,714 shares in the company, valued at $1,762,272. This represents a 5.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.78% of the stock is currently owned by corporate insiders.

Greenbrier Companies Trading Up 1.1%

Shares of GBX stock opened at $45.74 on Friday. The Greenbrier Companies, Inc. has a 52-week low of $37.77 and a 52-week high of $71.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The company has a 50-day simple moving average of $44.14 and a two-hundred day simple moving average of $55.59. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.80 and a beta of 1.73.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.09). The company had revenue of $762.10 million during the quarter, compared to analysts' expectations of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.32 per share. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio is presently 20.45%.

Analysts Set New Price Targets

Separately, Susquehanna decreased their target price on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research report on Tuesday, April 8th.

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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