Gabelli Funds LLC Cuts Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Gabelli Funds LLC trimmed its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,000 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Gabelli Funds LLC’s holdings in Greenbrier Companies were worth $4,793,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GBX. Norges Bank purchased a new position in shares of Greenbrier Companies in the 4th quarter worth about $10,242,000. LSV Asset Management grew its stake in shares of Greenbrier Companies by 112.4% in the first quarter. LSV Asset Management now owns 218,133 shares of the transportation company’s stock valued at $11,365,000 after buying an additional 115,421 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Greenbrier Companies by 74.9% in the fourth quarter. Victory Capital Management Inc. now owns 192,667 shares of the transportation company’s stock valued at $8,512,000 after buying an additional 82,540 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Greenbrier Companies in the first quarter valued at about $3,840,000. Finally, Hodges Capital Management Inc. acquired a new stake in shares of Greenbrier Companies in the first quarter valued at about $3,608,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Brian J. Comstock sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $52.48, for a total value of $524,800.00. Following the completion of the sale, the executive vice president now directly owns 70,111 shares in the company, valued at approximately $3,679,425.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.54% of the company’s stock.

Greenbrier Companies Stock Up 2.5 %

NYSE GBX traded up $1.23 during mid-day trading on Friday, reaching $50.26. 237,740 shares of the company’s stock traded hands, compared to its average volume of 499,073. The Greenbrier Companies, Inc. has a 1-year low of $32.00 and a 1-year high of $58.00. The company has a fifty day simple moving average of $49.89 and a 200-day simple moving average of $49.85. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.60 and a beta of 1.57.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Monday, July 8th. The transportation company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The business had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. During the same quarter last year, the business earned $1.02 EPS. Greenbrier Companies’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, equities research analysts expect that The Greenbrier Companies, Inc. will post 4.35 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd will be given a $0.30 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. Greenbrier Companies’s payout ratio is 31.41%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD Cowen increased their target price on Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Susquehanna increased their target price on Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Finally, Stephens increased their target price on Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Greenbrier Companies currently has an average rating of “Hold” and an average target price of $54.00.

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.