Fisher Asset Management LLC Decreases Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Fisher Asset Management LLC cut its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 487,323 shares of the transportation company's stock after selling 133,382 shares during the quarter. Fisher Asset Management LLC owned approximately 1.57% of Greenbrier Companies worth $21,530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new stake in shares of Greenbrier Companies during the third quarter valued at about $31,000. BluePath Capital Management LLC acquired a new position in shares of Greenbrier Companies during the third quarter valued at about $32,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Greenbrier Companies during the third quarter valued at about $45,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Greenbrier Companies during the fourth quarter valued at about $57,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Greenbrier Companies by 404.0% during the fourth quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company's stock valued at $100,000 after acquiring an additional 1,806 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

Shares of NYSE:GBX traded down $0.13 during midday trading on Monday, reaching $52.10. 182,777 shares of the company's stock traded hands, compared to its average volume of 330,500. The Greenbrier Companies, Inc. has a 1 year low of $26.04 and a 1 year high of $58.00. The company has a market cap of $1.62 billion, a P/E ratio of 15.32, a PEG ratio of 1.81 and a beta of 1.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The company has a fifty day simple moving average of $51.28 and a two-hundred day simple moving average of $45.50.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.28. The company had revenue of $862.70 million during the quarter, compared to the consensus estimate of $841.58 million. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. Greenbrier Companies's revenue was down 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. Equities analysts predict that The Greenbrier Companies, Inc. will post 4.13 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 23rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, April 22nd. Greenbrier Companies's dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

GBX has been the topic of several recent analyst reports. Stephens upped their price objective on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Susquehanna increased their price target on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a "positive" rating in a report on Tuesday, April 9th. Finally, TD Cowen increased their price target on shares of Greenbrier Companies from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $54.00.

Insider Buying and Selling at Greenbrier Companies

In other news, SVP Christian Lucky sold 1,454 shares of Greenbrier Companies stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $52.94, for a total value of $76,974.76. Following the sale, the senior vice president now owns 7,841 shares of the company's stock, valued at $415,102.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Christian Lucky sold 1,454 shares of the business's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $52.94, for a total transaction of $76,974.76. Following the sale, the senior vice president now owns 7,841 shares of the company's stock, valued at approximately $415,102.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Martin Raymond Baker sold 4,480 shares of Greenbrier Companies stock in a transaction on Friday, April 12th. The stock was sold at an average price of $52.40, for a total value of $234,752.00. Following the transaction, the senior vice president now directly owns 49,000 shares of the company's stock, valued at $2,567,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,361 shares of company stock worth $2,299,243. 2.54% of the stock is owned by insiders.

Greenbrier Companies Company 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.