Dean Capital Management Cuts Stake in Greenbrier Companies Inc (GBX)
Dean Capital Management lessened its holdings in Greenbrier Companies Inc (NYSE:GBX) by 19.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,540 shares of the transportation company’s stock after selling 12,115 shares during the period. Greenbrier Companies comprises approximately 1.8% of Dean Capital Management’s holdings, making the stock its 22nd biggest holding. Dean Capital Management owned about 0.16% of Greenbrier Companies worth $2,666,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of GBX. Sun Life Financial INC purchased a new position in shares of Greenbrier Companies in the 2nd quarter valued at $194,000. CIBC Asset Management Inc purchased a new position in shares of Greenbrier Companies in the 2nd quarter valued at $200,000. Amalgamated Bank purchased a new stake in Greenbrier Companies during the 2nd quarter worth $243,000. Xact Kapitalforvaltning AB increased its stake in Greenbrier Companies by 31.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,044 shares of the transportation company’s stock worth $253,000 after buying an additional 1,200 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Greenbrier Companies during the 1st quarter worth $262,000.
Several equities research analysts recently issued reports on GBX shares. ValuEngine raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Monday, June 11th. Cowen reaffirmed a “buy” rating and set a $58.00 price target on shares of Greenbrier Companies in a research note on Friday, June 29th. Stifel Nicolaus lifted their price target on shares of Greenbrier Companies from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, July 2nd. Finally, Wells Fargo & Co set a $55.00 price target on shares of Greenbrier Companies and gave the stock a “hold” rating in a research note on Monday, July 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $60.75.
Greenbrier Companies stock opened at $58.05 on Friday. Greenbrier Companies Inc has a 12-month low of $42.15 and a 12-month high of $60.90. The firm has a market cap of $1.87 billion, a P/E ratio of 14.23, a PEG ratio of 1.50 and a beta of 1.76. The company has a current ratio of 2.82, a quick ratio of 1.97 and a debt-to-equity ratio of 0.32.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, June 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.16. Greenbrier Companies had a net margin of 5.92% and a return on equity of 10.56%. The firm had revenue of $641.40 million for the quarter, compared to the consensus estimate of $668.52 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 46.0% on a year-over-year basis. equities analysts expect that Greenbrier Companies Inc will post 4.24 EPS for the current fiscal year.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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