The Greenbrier Companies, Inc. (NYSE:GBX) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 472.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,633 shares of the transportation company's stock after purchasing an additional 36,833 shares during the quarter. Marshall Wace LLP owned about 0.14% of Greenbrier Companies worth $2,722,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GBX. Zacks Investment Management acquired a new position in Greenbrier Companies during the fourth quarter worth about $1,756,000. EAM Investors LLC acquired a new stake in Greenbrier Companies in the 4th quarter valued at about $3,504,000. XTX Topco Ltd increased its holdings in Greenbrier Companies by 43.2% during the 4th quarter. XTX Topco Ltd now owns 8,317 shares of the transportation company's stock valued at $507,000 after acquiring an additional 2,509 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Greenbrier Companies by 812.3% during the 4th quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company's stock valued at $59,000 after acquiring an additional 861 shares in the last quarter. Finally, LSV Asset Management raised its position in Greenbrier Companies by 94.3% during the fourth quarter. LSV Asset Management now owns 545,185 shares of the transportation company's stock worth $33,251,000 after acquiring an additional 264,552 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

Insider Buying and Selling

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $63.21, for a total transaction of $126,420.00. Following the transaction, the chief operating officer now owns 42,714 shares of the company's stock, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.78% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GBX. Susquehanna dropped their price objective on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research note on Tuesday, April 8th. Bank of America raised their price target on Greenbrier Companies from $60.00 to $62.00 and gave the stock an "underperform" rating in a research report on Thursday, January 9th.

Greenbrier Companies Trading Up 2.3 %

Shares of Greenbrier Companies stock traded up $1.00 during mid-day trading on Friday, hitting $43.86. 35,011 shares of the stock were exchanged, compared to its average volume of 382,568. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. The Greenbrier Companies, Inc. has a twelve month low of $37.77 and a twelve month high of $71.06. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The company has a 50-day simple moving average of $48.80 and a 200 day simple moving average of $58.23.

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

Greenbrier Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.32 per share. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio is presently 20.45%.

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.