Cornerstone Investment Partners LLC Acquires New Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Cornerstone Investment Partners LLC bought a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,722 shares of the transportation company’s stock, valued at approximately $227,000.

Other hedge funds have also recently bought and sold shares of the company. Hodges Capital Management Inc. raised its stake in shares of Greenbrier Companies by 216.6% in the 3rd quarter. Hodges Capital Management Inc. now owns 319,094 shares of the transportation company’s stock valued at $16,239,000 after purchasing an additional 218,294 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Greenbrier Companies during the fourth quarter worth about $2,527,000. Victory Capital Management Inc. raised its position in Greenbrier Companies by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after buying an additional 32,191 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Greenbrier Companies by 125.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company’s stock valued at $2,416,000 after acquiring an additional 26,457 shares in the last quarter. Finally, De Lisle Partners LLP lifted its stake in Greenbrier Companies by 36.3% in the 3rd quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company’s stock valued at $4,777,000 after acquiring an additional 25,000 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the transaction, the chief operating officer now owns 42,714 shares of the company’s stock, valued at $2,699,951.94. The trade was a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.78% of the company’s stock.

Greenbrier Companies Price Performance

NYSE:GBX opened at $53.74 on Wednesday. The Greenbrier Companies, Inc. has a 52-week low of $41.40 and a 52-week high of $71.06. The company has a market cap of $1.69 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.80 and a beta of 1.52. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The stock’s 50-day simple moving average is $62.27 and its 200 day simple moving average is $58.65.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.56. The firm had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, January 29th. Greenbrier Companies’s payout ratio is 20.94%.

Analysts Set New Price Targets

Separately, Bank of America lifted their price objective 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. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Greenbrier Companies currently has a consensus rating of “Hold” and an average price target of $63.00.

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.