Tower Research Capital LLC TRC Reduces Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Tower Research Capital LLC TRC lowered its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 85.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,358 shares of the transportation company's stock after selling 14,310 shares during the quarter. Tower Research Capital LLC TRC's holdings in Greenbrier Companies were worth $144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GBX. R Squared Ltd purchased a new position in shares of Greenbrier Companies in the 4th quarter worth approximately $26,000. F M Investments LLC acquired a new stake in Greenbrier Companies during the 4th quarter valued at approximately $35,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 in the last quarter. Sterling Capital Management LLC increased its holdings in shares of 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 purchasing an additional 861 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Greenbrier Companies by 57.8% during the 4th quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock valued at $89,000 after purchasing an additional 537 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

Analyst Ratings Changes

Separately, Susquehanna dropped their target price on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a report on Tuesday, April 8th.

Greenbrier Companies Stock Up 6.3%

Shares of GBX stock traded up $2.82 during trading hours on Monday, reaching $47.18. 164,963 shares of the stock were exchanged, compared to its average volume of 384,160. The business's fifty day moving average is $47.45 and its two-hundred day moving average is $57.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06. The firm has a market capitalization of $1.48 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.80 and a beta of 1.79.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings data 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). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm had revenue of $762.10 million during the quarter, compared to analyst estimates of $898.53 million. During the same period in the previous year, the company posted $1.03 earnings per share. Greenbrier Companies's revenue was down 11.7% compared to the same quarter last year. As a group, research analysts expect that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Tuesday, April 22nd. This is an increase 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.