Investors Research Corp Sells 500 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Investors Research Corp lowered its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,800 shares of the transportation company’s stock after selling 500 shares during the quarter. Investors Research Corp’s holdings in Greenbrier Companies were worth $80,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cullen Investment Group LTD. purchased a new stake in shares of Greenbrier Companies in the 4th quarter worth approximately $861,000. Louisiana State Employees Retirement System purchased a new stake in Greenbrier Companies during the 4th quarter valued at $689,000. Smith Graham & Co. Investment Advisors LP boosted its stake in Greenbrier Companies by 1.7% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 219,346 shares of the transportation company’s stock valued at $9,691,000 after purchasing an additional 3,721 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Greenbrier Companies during the 4th quarter valued at $900,000. Finally, UMB Bank n.a. purchased a new stake in Greenbrier Companies during the 4th quarter valued at $442,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Trading Down 0.1 %

Shares of GBX stock opened at $51.31 on Wednesday. The Greenbrier Companies, Inc. has a 52-week low of $25.41 and a 52-week high of $58.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The firm has a market capitalization of $1.60 billion, a PE ratio of 15.09, a PEG ratio of 1.78 and a beta of 1.66. The stock has a fifty day simple moving average of $50.39 and a two-hundred day simple moving average of $44.38.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.28. The business had revenue of $862.70 million during the quarter, compared to analyst estimates of $841.58 million. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. Greenbrier Companies’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 EPS. On average, analysts predict that The Greenbrier Companies, Inc. will post 4.13 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.30 per share. The ex-dividend date is Monday, April 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. Greenbrier Companies’s payout ratio is 35.29%.

Insider Activity

In other news, COO William J. Krueger sold 8,800 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $52.87, for a total transaction of $465,256.00. Following the completion of the transaction, the chief operating officer now owns 36,529 shares in the company, valued at $1,931,288.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO William J. Krueger sold 8,800 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $52.87, for a total transaction of $465,256.00. Following the completion of the transaction, the chief operating officer now owns 36,529 shares in the company, valued at $1,931,288.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wanda F. Felton sold 4,185 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total value of $195,230.25. Following the transaction, the director now owns 7,365 shares of the company’s stock, valued at approximately $343,577.25. The disclosure for this sale can be found here. Insiders sold a total of 15,485 shares of company stock worth $776,461 over the last 90 days. Corporate insiders own 2.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on GBX shares. 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. 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. TheStreet upgraded Greenbrier Companies from a “c+” rating to a “b” rating in a research note on Friday, January 5th. Finally, TD Cowen increased their price target on Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.00.

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.