Bank of New York Mellon Corp Decreases Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Bank of New York Mellon Corp trimmed its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,245 shares of the transportation company’s stock after selling 31,055 shares during the period. Bank of New York Mellon Corp owned 1.01% of Greenbrier Companies worth $19,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GBX. R Squared Ltd purchased a new stake in Greenbrier Companies during the 4th quarter valued at approximately $26,000. Gladius Capital Management LP purchased a new stake in Greenbrier Companies during the 3rd quarter valued at approximately $32,000. KBC Group NV raised its stake in Greenbrier Companies by 57.8% during the 4th quarter. KBC Group NV now owns 1,466 shares of the transportation company’s stock valued at $89,000 after acquiring an additional 537 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Greenbrier Companies during the 3rd quarter valued at approximately $107,000. Finally, Westhampton Capital LLC purchased a new stake in Greenbrier Companies during the 4th quarter valued at approximately $207,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $54.07 on Tuesday. The business’s fifty day moving average price is $61.69 and its two-hundred day moving average price is $58.89. The stock has a market cap of $1.70 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The Greenbrier Companies, Inc. has a one year low of $41.40 and a one year high of $71.06.

Greenbrier Companies (NYSE:GBX) last issued its quarterly 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 return on equity of 12.10% and a net margin of 5.10%. The company had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. During the same quarter in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 20.94%.

Analyst Ratings Changes

Separately, Bank of America upped their price objective 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.00.

Insider Buying and Selling

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 completion of the sale, the chief operating officer now directly owns 42,714 shares in the company, valued at approximately $2,699,951.94. This represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.78% 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.