Tower Research Capital LLC TRC Sells 14,310 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Tower Research Capital LLC TRC trimmed its stake 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 fund owned 2,358 shares of the transportation company's stock after selling 14,310 shares during the period. Tower Research Capital LLC TRC's holdings in Greenbrier Companies were worth $144,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management grew 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 valued at $33,251,000 after acquiring an additional 264,552 shares during the last quarter. Norges Bank bought a new position in Greenbrier Companies during the fourth quarter valued at approximately $14,257,000. Arrowstreet Capital Limited Partnership bought a new position in Greenbrier Companies during the fourth quarter valued at approximately $9,671,000. Beacon Harbor Wealth Advisors Inc. bought a new position in Greenbrier Companies during the fourth quarter valued at approximately $6,274,000. Finally, EAM Investors LLC bought a new position in Greenbrier Companies during the fourth quarter valued at approximately $3,504,000. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Trading Up 1.4%

GBX stock traded up $0.66 on Tuesday, reaching $47.85. The company's stock had a trading volume of 67,551 shares, compared to its average volume of 384,445. The business has a fifty day simple moving average of $47.29 and a two-hundred day simple moving average of $57.83. 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 cap of $1.50 billion, a PE ratio of 8.35, a PEG ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53.

Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its quarterly earnings data on Monday, April 7th. The transportation company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.09). The firm had revenue of $762.10 million for the quarter, compared to analysts' expectations of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The business's quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. As a group, research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.28 annualized dividend and a yield of 2.68%. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. Greenbrier Companies's dividend payout ratio (DPR) is currently 20.45%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna reduced 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.

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.