The Greenbrier Companies, Inc. (NYSE:GBX) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp grew its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 21.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,039 shares of the transportation company’s stock after buying an additional 5,828 shares during the period. Texas Permanent School Fund Corp owned 0.11% of Greenbrier Companies worth $1,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new position in Greenbrier Companies during the 1st quarter worth $26,000. Tradewinds Capital Management LLC acquired a new stake in Greenbrier Companies in the 1st quarter valued at about $78,000. Innealta Capital LLC acquired a new stake in shares of Greenbrier Companies during the 2nd quarter worth about $82,000. Russell Investments Group Ltd. boosted its stake in shares of Greenbrier Companies by 404.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Greenbrier Companies during the 1st quarter worth about $206,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of GBX opened at $50.09 on Thursday. The Greenbrier Companies, Inc. has a 1 year low of $32.00 and a 1 year high of $58.00. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.55 and a beta of 1.53. 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 fifty day moving average of $47.32 and a 200-day moving average of $49.79.

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

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors 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 dividend on an annualized basis and a yield of 2.40%. Greenbrier Companies’s payout ratio is presently 31.41%.

Insider Transactions at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the sale, the senior vice president now directly owns 23,226 shares of the company’s stock, valued at $1,182,667.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.