Greenbrier Companies, Inc. (The) to Issue Quarterly Dividend of $0.32 (NYSE:GBX)

Greenbrier Companies, Inc. (The) (NYSE:GBX - Get Free Report) announced a quarterly dividend on Monday, June 30th, RTT News reports. Stockholders of record on Thursday, July 17th will be paid a dividend of 0.32 per share by the transportation company on Thursday, August 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, July 17th.

Greenbrier Companies has a payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Greenbrier Companies to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.5%.

Greenbrier Companies Trading Up 21.6%

Shares of NYSE GBX traded up $10.13 during mid-day trading on Wednesday, hitting $57.13. 2,442,796 shares of the company traded hands, compared to its average volume of 388,809. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.85. Greenbrier Companies has a 1 year low of $37.77 and a 1 year high of $71.06. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.90 and a beta of 1.71. The business has a 50 day moving average of $45.43 and a two-hundred day moving average of $52.99.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.87. Greenbrier Companies had a return on equity of 14.78% and a net margin of 6.48%. The firm had revenue of $842.70 million for the quarter, compared to the consensus estimate of $785.72 million. During the same quarter in the previous year, the company earned $1.06 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Greenbrier Companies will post 5.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Susquehanna upped their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the company a "positive" rating in a research report on Wednesday.

Insider Activity at Greenbrier Companies

In related news, COO William J. Krueger sold 4,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $48.00, for a total transaction of $192,000.00. Following the transaction, the chief operating officer directly owned 32,714 shares of the company's stock, valued at approximately $1,570,272. The trade was a 10.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Greenbrier Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of Greenbrier Companies by 19.9% during the first quarter. AQR Capital Management LLC now owns 13,053 shares of the transportation company's stock worth $669,000 after purchasing an additional 2,170 shares during the period. Intech Investment Management LLC increased its stake in Greenbrier Companies by 22.4% in the 1st quarter. Intech Investment Management LLC now owns 33,244 shares of the transportation company's stock valued at $1,703,000 after buying an additional 6,073 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Greenbrier Companies by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,399 shares of the transportation company's stock worth $4,323,000 after buying an additional 3,121 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

About Greenbrier Companies

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.