KLP Kapitalforvaltning AS Invests $409,000 in The Greenbrier Companies, Inc. (NYSE:GBX)

KLP Kapitalforvaltning AS purchased a new stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,700 shares of the transportation company’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Verition Fund Management LLC purchased a new position in shares of Greenbrier Companies during the third quarter valued at approximately $1,210,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Greenbrier Companies in the third quarter valued at $107,000. Centiva Capital LP purchased a new position in Greenbrier Companies during the 3rd quarter valued at $408,000. Point72 Asset Management L.P. bought a new position in Greenbrier Companies in the 3rd quarter worth $639,000. Finally, Stifel Financial Corp lifted its position in shares of Greenbrier Companies by 21.2% in the 3rd 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. Institutional investors own 95.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock opened at $45.60 on Friday. The Greenbrier Companies, Inc. has a 12 month low of $41.40 and a 12 month high of $71.06. The firm has a market capitalization of $1.43 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.80 and a beta of 1.56. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $57.30 and a two-hundred day simple moving average of $59.48.

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

Greenbrier Companies Increases Dividend

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

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the transaction, the chief operating officer now directly owns 42,714 shares of the company’s stock, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.78% of the stock is owned by corporate insiders.

Greenbrier Companies 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.