Rhumbline Advisers Lowers Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Rhumbline Advisers decreased its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 0.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 103,538 shares of the transportation company’s stock after selling 765 shares during the period. Rhumbline Advisers owned 0.33% of Greenbrier Companies worth $5,130,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in Greenbrier Companies during the fourth quarter valued at approximately $10,242,000. Hennessy Advisors Inc. bought a new stake in Greenbrier Companies during the 2nd quarter valued at $8,126,000. LSV Asset Management increased its holdings in shares of Greenbrier Companies by 112.4% in the 1st quarter. LSV Asset Management now owns 218,133 shares of the transportation company’s stock valued at $11,365,000 after acquiring an additional 115,421 shares during the period. Galibier Capital Management Ltd. bought a new position in shares of Greenbrier Companies in the 2nd quarter worth $5,175,000. Finally, SG Capital Management LLC purchased a new stake in shares of Greenbrier Companies during the 1st quarter worth $4,594,000. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Price Performance

NYSE GBX opened at $48.07 on Monday. The firm’s fifty day simple moving average is $47.03 and its two-hundred day simple moving average is $49.83. The firm has a market capitalization of $1.50 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.55 and a beta of 1.53. 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 Greenbrier Companies, Inc. has a 12-month low of $32.00 and a 12-month high of $58.00.

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

Greenbrier Companies Announces Dividend

The business 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 2.50%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 31.41%.

Insider Activity at Greenbrier Companies

In other news, SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

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