Vanguard Group Inc. grew its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,778,630 shares of the transportation company's stock after purchasing an additional 242,180 shares during the quarter. Vanguard Group Inc. owned approximately 12.04% of Greenbrier Companies worth $193,541,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Greenbrier Companies in the first quarter valued at about $586,000. New York State Teachers Retirement System grew its position in shares of Greenbrier Companies by 27.2% in the first quarter. New York State Teachers Retirement System now owns 13,848 shares of the transportation company's stock valued at $709,000 after purchasing an additional 2,960 shares during the period. Northern Trust Corp grew its position in shares of Greenbrier Companies by 20.5% in the fourth quarter. Northern Trust Corp now owns 389,406 shares of the transportation company's stock valued at $23,750,000 after purchasing an additional 66,185 shares during the period. GAMMA Investing LLC grew its position in shares of Greenbrier Companies by 6,100.3% in the first quarter. GAMMA Investing LLC now owns 38,876 shares of the transportation company's stock valued at $1,991,000 after purchasing an additional 38,249 shares during the period. Finally, NBC Securities Inc. grew its position in shares of Greenbrier Companies by 108,700.0% in the first quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock valued at $55,000 after purchasing an additional 1,087 shares during the period. Institutional investors and hedge funds own 95.59% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Greenbrier Companies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Susquehanna boosted their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Greenbrier Companies presently has an average rating of "Hold" and a consensus target price of $59.50.
View Our Latest Report on GBX
Greenbrier Companies Trading Down 2.6%
Shares of Greenbrier Companies stock traded down $1.2380 on Monday, reaching $46.2520. The company had a trading volume of 218,716 shares, compared to its average volume of 336,156. The firm's 50 day moving average price is $48.11 and its two-hundred day moving average price is $48.60. The firm has a market cap of $1.43 billion, a PE ratio of 6.55, a PEG ratio of 1.33 and a beta of 1.69. 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 0.83, a quick ratio of 0.82 and a current ratio of 1.48.
Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.87. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The firm had revenue of $842.70 million for the quarter, compared to the consensus estimate of $785.72 million. During the same period in the prior year, the firm earned $1.06 EPS. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. Greenbrier Companies has set its FY 2025 guidance at EPS. Sell-side analysts predict that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.
Greenbrier Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 17th. Greenbrier Companies's payout ratio is 18.13%.
Insider Activity
In related news, Director James R. Huffines bought 2,500 shares of the stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $44.84 per share, for a total transaction of $112,100.00. Following the acquisition, the director owned 13,909 shares in the company, valued at approximately $623,679.56. This represents a 21.91% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 of the company's stock, valued at approximately $117,690.77. The trade was a 63.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,379 shares of company stock worth $595,213. Insiders own 1.78% of the company's stock.
About Greenbrier Companies
(
Free Report)
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.
Further Reading
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