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

Hsbc Holdings PLC increased its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 89.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,252 shares of the transportation company's stock after purchasing an additional 8,627 shares during the quarter. Hsbc Holdings PLC owned 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 added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Greenbrier Companies during the 4th quarter valued at about $26,000. F M Investments LLC acquired a new stake in shares of Greenbrier Companies during the 4th quarter valued at $35,000. Smartleaf Asset Management LLC raised its stake in Greenbrier Companies by 241.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company's stock valued at $56,000 after purchasing an additional 644 shares during the period. Sterling Capital Management LLC grew its position in Greenbrier Companies by 812.3% during the fourth quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company's stock valued at $59,000 after purchasing an additional 861 shares in the last quarter. Finally, KBC Group NV increased its holdings in Greenbrier Companies by 57.8% in the fourth quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock worth $89,000 after buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GBX shares. Susquehanna dropped their price target 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. Bank of America upped their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a report on Thursday, January 9th.

Greenbrier Companies Price Performance

Shares of NYSE:GBX traded down $0.16 during trading on Friday, reaching $44.55. The stock had a trading volume of 76,199 shares, compared to its average volume of 382,932. The stock has a market capitalization of $1.40 billion, a PE ratio of 7.77, a P/E/G ratio of 0.80 and a beta of 1.79. The Greenbrier Companies, Inc. has a 52 week low of $37.77 and a 52 week high of $71.06. The business's 50-day moving average price is $47.64 and its 200 day moving average price is $57.95. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84.

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 analysts' consensus estimates of $1.78 by ($0.09). The company 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 business's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. As a group, equities analysts predict that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.87%. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. Greenbrier Companies's 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.