Dimensional Fund Advisors LP Sells 16,025 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Dimensional Fund Advisors LP decreased its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 0.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,481,445 shares of the transportation company’s stock after selling 16,025 shares during the quarter. Dimensional Fund Advisors LP owned 7.97% of Greenbrier Companies worth $122,956,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in Greenbrier Companies by 1.5% in the first quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock worth $801,000 after purchasing an additional 224 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Greenbrier Companies by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock worth $846,000 after purchasing an additional 284 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Greenbrier Companies by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock worth $778,000 after purchasing an additional 300 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Greenbrier Companies by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock worth $1,418,000 after purchasing an additional 356 shares in the last quarter. Finally, Cullen Investment Group LTD. grew its stake in Greenbrier Companies by 1.8% in the first quarter. Cullen Investment Group LTD. now owns 19,840 shares of the transportation company’s stock worth $1,020,000 after purchasing an additional 359 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

Greenbrier Companies Stock Down 0.3 %

Shares of NYSE GBX opened at $51.22 on Monday. The Greenbrier Companies, Inc. has a 12-month low of $32.00 and a 12-month high of $58.00. The stock’s fifty day simple moving average is $47.56 and its two-hundred day simple moving average is $49.79. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.59 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.55 and a beta of 1.53.

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

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.34%. Greenbrier Companies’s dividend payout ratio is presently 31.41%.

Insider Activity

In related news, SVP Laurie R. Dornan sold 5,935 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total value of $302,210.20. Following the completion of the transaction, the senior vice president now owns 23,226 shares in the company, valued at approximately $1,182,667.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.54% of the company’s stock.

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.