Brighton Jones LLC lessened its position in The Greenbrier Companies, Inc. (NYSE:GBX – Free Report) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,280 shares of the transportation company’s stock after selling 4,209 shares during the quarter. Brighton Jones LLC owned 0.05% of Greenbrier Companies worth $807,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in GBX. Hexagon Capital Partners LLC purchased a new position in shares of Greenbrier Companies during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in Greenbrier Companies during the 2nd quarter valued at $67,000. Tradewinds Capital Management LLC bought a new position in Greenbrier Companies in the 1st quarter valued at $78,000. Innealta Capital LLC purchased a new stake in Greenbrier Companies in the second quarter worth $82,000. Finally, Russell Investments Group Ltd. increased its stake in Greenbrier Companies by 404.0% in the fourth 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 period. 95.59% of the stock is currently owned by institutional investors.
Greenbrier Companies Price Performance
GBX opened at $51.22 on Friday. 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 business’s fifty day simple moving average is $47.56 and its 200-day simple moving average is $49.80. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.55 and a beta of 1.53. The Greenbrier Companies, Inc. has a 12-month low of $32.00 and a 12-month high of $58.00.
Greenbrier Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio (DPR) is 31.41%.
Insiders Place Their Bets
In other news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies 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 transaction, the senior vice president now directly 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 available at this hyperlink. 2.54% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.50.
Check Out Our Latest Research Report on GBX
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.
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