Fisher Asset Management LLC Reduces Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Fisher Asset Management LLC reduced its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 21.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,148 shares of the transportation company’s stock after selling 132,557 shares during the period. Fisher Asset Management LLC owned 1.57% of Greenbrier Companies worth $21,566,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cullen Investment Group LTD. bought a new position in Greenbrier Companies in the fourth quarter worth about $861,000. International Assets Investment Management LLC bought a new position in Greenbrier Companies in the fourth quarter worth about $900,000. Caxton Associates LP bought a new position in Greenbrier Companies in the third quarter worth about $718,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Greenbrier Companies by 2.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company’s stock valued at $42,222,000 after purchasing an additional 25,300 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $689,000. 95.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GBX. Susquehanna raised their target price on shares of Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. TD Cowen raised their target price on shares of Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Stephens raised their target price on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.00.

Insider Buying and Selling

In related news, COO William J. Krueger sold 8,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $52.87, for a total value of $465,256.00. Following the sale, the chief operating officer now owns 36,529 shares in the company, valued at $1,931,288.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Martin Raymond Baker sold 4,480 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $52.40, for a total value of $234,752.00. Following the sale, the senior vice president now owns 49,000 shares in the company, valued at $2,567,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Krueger sold 8,800 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 36,529 shares in the company, valued at approximately $1,931,288.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,176 shares of company stock worth $2,104,013. 2.54% of the stock is owned by insiders.

Greenbrier Companies Price Performance

Shares of GBX opened at $51.26 on Wednesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 0.67 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average of $51.98 and a 200 day moving average of $48.82. The Greenbrier Companies, Inc. has a twelve month low of $31.23 and a twelve month high of $58.00.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.28. The company had revenue of $862.70 million during the quarter, compared to the consensus estimate of $841.58 million. Greenbrier Companies had a net margin of 2.97% and a return on equity of 9.05%. The firm’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, equities research analysts anticipate that The Greenbrier Companies, Inc. will post 4.23 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Monday, April 22nd. Greenbrier Companies’s dividend payout ratio is currently 35.29%.

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.