The Greenbrier Companies, Inc. (NYSE:GBX) Shares Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC lifted its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 28.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 13,152 shares of the transportation company’s stock after buying an additional 2,917 shares during the period. Sierra Summit Advisors LLC’s holdings in Greenbrier Companies were worth $652,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GBX. Norges Bank purchased a new position in Greenbrier Companies in the fourth quarter valued at approximately $10,242,000. Hennessy Advisors Inc. purchased a new position in shares of Greenbrier Companies in the 2nd quarter valued at $8,126,000. LSV Asset Management raised its stake in Greenbrier Companies by 112.4% during the 1st quarter. LSV Asset Management now owns 218,133 shares of the transportation company’s stock worth $11,365,000 after acquiring an additional 115,421 shares in the last quarter. Galibier Capital Management Ltd. purchased a new stake in Greenbrier Companies in the second quarter valued at $5,175,000. Finally, SG Capital Management LLC acquired a new position in Greenbrier Companies in the first quarter valued at $4,594,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Insider Transactions at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total value of $302,210.20. Following the transaction, the senior vice president now directly owns 23,226 shares in the company, valued at approximately $1,182,667.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Greenbrier Companies has a consensus rating of “Hold” and an average target price of $57.50.

Greenbrier Companies Stock Up 3.4 %

GBX stock opened at $48.07 on Monday. The Greenbrier Companies, Inc. has a 12 month low of $32.00 and a 12 month high of $58.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.55 and a beta of 1.53. The company has a fifty day moving average price of $47.03 and a 200 day moving average price of $49.83.

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

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.50%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 31.41%.

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.