Allspring Global Investments Holdings LLC Purchases New Shares in The Greenbrier Companies, Inc. (NYSE:GBX)

Allspring Global Investments Holdings LLC purchased a new stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 41,441 shares of the transportation company’s stock, valued at approximately $2,527,000. Allspring Global Investments Holdings LLC owned approximately 0.13% of Greenbrier Companies at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in Greenbrier Companies by 9.8% during the 4th quarter. Empowered Funds LLC now owns 166,726 shares of the transportation company’s stock valued at $10,169,000 after acquiring an additional 14,912 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Greenbrier Companies by 3.6% during the 4th quarter. Tectonic Advisors LLC now owns 31,675 shares of the transportation company’s stock valued at $1,932,000 after acquiring an additional 1,097 shares during the last quarter. Sloy Dahl & Holst LLC bought a new position in Greenbrier Companies during the 4th quarter valued at $211,000. Verity Asset Management Inc. bought a new position in Greenbrier Companies during the 4th quarter valued at $255,000. Finally, Hodges Capital Management Inc. boosted its stake in Greenbrier Companies by 9.2% during the 4th quarter. Hodges Capital Management Inc. now owns 348,325 shares of the transportation company’s stock valued at $21,244,000 after acquiring an additional 29,231 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their price objective on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research note on Thursday, January 9th. Two investment 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 an average target price of $63.00.

Insider Transactions at Greenbrier Companies

In related 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 sale, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.78% of the company’s stock.

Greenbrier Companies Trading Down 1.3 %

Greenbrier Companies stock opened at $54.57 on Friday. The firm’s 50-day moving average is $63.73 and its 200-day moving average is $57.93. 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 1 year low of $41.40 and a 1 year high of $71.06. The company has a market cap of $1.71 billion, a P/E ratio of 9.52, a PEG ratio of 0.84 and a beta of 1.52.

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

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.20%. Greenbrier Companies’s payout ratio is currently 20.94%.

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.