Frontier Capital Management Co. LLC Trims Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Frontier Capital Management Co. LLC cut its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 447,304 shares of the transportation company's stock after selling 113,222 shares during the quarter. Frontier Capital Management Co. LLC owned about 1.43% of Greenbrier Companies worth $27,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP grew its stake in shares of Greenbrier Companies by 892.7% during the 4th quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after purchasing an additional 366 shares during the period. R Squared Ltd acquired a new position in shares of Greenbrier Companies during the 4th quarter worth $26,000. Smartleaf Asset Management LLC grew its stake in shares of Greenbrier Companies by 241.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company's stock worth $56,000 after purchasing an additional 644 shares during the period. Sterling Capital Management LLC grew its stake in shares of Greenbrier Companies by 812.3% during the 4th quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company's stock worth $59,000 after purchasing an additional 861 shares during the period. Finally, KBC Group NV grew its stake in shares of Greenbrier Companies by 57.8% during the 4th quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock worth $89,000 after purchasing an additional 537 shares during the period. 95.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock traded up $0.44 on Tuesday, hitting $47.63. The company's stock had a trading volume of 267,933 shares, compared to its average volume of 385,210. The Greenbrier Companies, Inc. has a 52-week low of $37.77 and a 52-week high of $71.06. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average price of $47.29 and a 200-day moving average price of $57.83. The company has a market capitalization of $1.50 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79.

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

Greenbrier Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio is 20.45%.

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.