Lucus Advisors LLC cut its stake in shares of Greenbrier Companies Inc. (NYSE:GBX) by 7.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,158 shares of the company’s stock after selling 944 shares during the period. Lucus Advisors LLC’s holdings in Greenbrier Companies were worth $394,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of Greenbrier Companies by 9.4% in the first quarter. Royal Bank of Canada now owns 1,510,952 shares of the company’s stock valued at $41,762,000 after buying an additional 129,483 shares in the last quarter. Boothbay Fund Management LLC increased its stake in shares of Greenbrier Companies by 14.9% in the first quarter. Boothbay Fund Management LLC now owns 16,690 shares of the company’s stock valued at $461,000 after buying an additional 2,167 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Greenbrier Companies by 93.2% in the second quarter. BNP Paribas Arbitrage SA now owns 9,013 shares of the company’s stock valued at $263,000 after buying an additional 4,348 shares in the last quarter. American National Bank increased its stake in shares of Greenbrier Companies by 31.3% in the second quarter. American National Bank now owns 48,767 shares of the company’s stock valued at $1,420,000 after buying an additional 11,635 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Greenbrier Companies during the second quarter valued at approximately $661,000. Institutional investors and hedge funds own 97.00% of the company’s stock.
Shares of Greenbrier Companies Inc. (NYSE:GBX) remained flat at $38.45 on Friday. The stock had a trading volume of 162,477 shares. The company has a market cap of $1.09 billion, a PE ratio of 6.71 and a beta of 1.87. The firm’s 50-day moving average price is $34.65 and its 200 day moving average price is $32.05. Greenbrier Companies Inc. has a 52-week low of $19.89 and a 52-week high of $38.75.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.08. Greenbrier Companies had a return on equity of 19.02% and a net margin of 6.84%. The company had revenue of $595.20 million for the quarter, compared to analyst estimates of $619.43 million. During the same period last year, the firm earned $2.02 earnings per share. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. Equities research analysts expect that Greenbrier Companies Inc. will post $3.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.18%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 14.63%.
Several equities research analysts have recently commented on GBX shares. Zacks Investment Research raised Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Tuesday, September 6th. Wells Fargo & Co. reissued a “hold” rating and issued a $31.00 price objective on shares of Greenbrier Companies in a research note on Monday, September 19th. initiated coverage on Greenbrier Companies in a research note on Friday, September 30th. They issued an “underperform” rating and a $35.00 price objective for the company. Vetr downgraded Greenbrier Companies from a “hold” rating to a “sell” rating and set a $35.84 price objective for the company. in a research note on Monday, October 10th. Finally, Cowen and Company increased their price objective on Greenbrier Companies from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, October 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $34.73.
In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 6,250 shares of Greenbrier Companies stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $38.10, for a total transaction of $238,125.00. Following the transaction, the executive vice president now directly owns 76,357 shares in the company, valued at $2,909,201.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Lorie Tekorius sold 1,361 shares of Greenbrier Companies stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $36.30, for a total value of $49,404.30. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.