Trexquant Investment LP Has $4.96 Million Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Trexquant Investment LP raised its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 59.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 81,305 shares of the transportation company’s stock after acquiring an additional 30,249 shares during the quarter. Trexquant Investment LP’s holdings in Greenbrier Companies were worth $4,959,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GBX. Verition Fund Management LLC bought a new position in Greenbrier Companies in the third quarter valued at approximately $1,210,000. Centiva Capital LP acquired a new position in shares of Greenbrier Companies in the 3rd quarter valued at $408,000. Point72 Asset Management L.P. bought a new position in shares of Greenbrier Companies in the 3rd quarter worth $639,000. Stifel Financial Corp grew its stake in shares of Greenbrier Companies by 21.2% during the third quarter. Stifel Financial Corp now owns 9,233 shares of the transportation company’s stock worth $470,000 after purchasing an additional 1,614 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in Greenbrier Companies by 16.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 117,388 shares of the transportation company’s stock valued at $5,950,000 after buying an additional 16,680 shares during the period. Institutional investors own 95.59% of the company’s stock.

Insider Activity at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total value of $126,420.00. Following the sale, the chief operating officer now owns 42,714 shares in the company, valued at approximately $2,699,951.94. This represents a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Bank of America lifted their price target on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.00.

Greenbrier Companies Stock Down 3.2 %

GBX stock opened at $45.60 on Friday. The Greenbrier Companies, Inc. has a twelve month low of $41.40 and a twelve month high of $71.06. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 0.80 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $57.30 and a two-hundred day moving average price of $59.55.

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

Greenbrier Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.81%. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies’s dividend payout ratio is presently 20.94%.

About Greenbrier Companies

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.