Hsbc Holdings PLC Acquires 8,627 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Hsbc Holdings PLC boosted its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 89.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,252 shares of the transportation company's stock after purchasing an additional 8,627 shares during the period. Hsbc Holdings PLC owned about 0.06% of Greenbrier Companies worth $1,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GBX. MetLife Investment Management LLC raised its stake in Greenbrier Companies by 7.7% during the fourth quarter. MetLife Investment Management LLC now owns 18,515 shares of the transportation company's stock worth $1,129,000 after acquiring an additional 1,320 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Greenbrier Companies by 466.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the transportation company's stock worth $104,000 after purchasing an additional 1,400 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Greenbrier Companies by 472.2% in the fourth quarter. Marshall Wace LLP now owns 44,633 shares of the transportation company's stock valued at $2,722,000 after buying an additional 36,833 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Greenbrier Companies during the fourth quarter valued at $1,756,000. Finally, EAM Investors LLC purchased a new position in shares of Greenbrier Companies in the fourth quarter worth approximately $3,504,000. Institutional investors and hedge funds own 95.59% of the company's stock.

Greenbrier Companies Price Performance

NYSE:GBX traded down $0.21 during trading hours on Tuesday, reaching $43.58. The company had a trading volume of 236,209 shares, compared to its average volume of 384,022. The firm has a market capitalization of $1.37 billion, a PE ratio of 7.60, a PEG ratio of 0.80 and a beta of 1.79. The stock has a 50-day moving average of $48.32 and a two-hundred day moving average of $58.20. The Greenbrier Companies, Inc. has a one year low of $37.77 and a one year 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.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings data on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) 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 the consensus estimate 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 for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. Analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be issued a $0.32 dividend. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio is currently 20.45%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GBX shares. Bank of America increased their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an "underperform" rating in a research report on Thursday, January 9th. Susquehanna lowered their price target on 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 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.