The Greenbrier Companies, Inc. (NYSE:GBX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,538 shares of the transportation company’s stock after selling 765 shares during the period. Rhumbline Advisers’ holdings in Greenbrier Companies were worth $5,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBX. Janney Montgomery Scott LLC acquired a new position in Greenbrier Companies in the first quarter valued at approximately $590,000. First Hawaiian Bank purchased a new stake in Greenbrier Companies during the second quarter worth $801,000. ClariVest Asset Management LLC grew its position in Greenbrier Companies by 118,372.2% during the first quarter. ClariVest Asset Management LLC now owns 21,325 shares of the transportation company’s stock valued at $1,111,000 after buying an additional 21,307 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Greenbrier Companies by 2.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company’s stock valued at $42,222,000 after buying an additional 25,300 shares in the last quarter. Finally, Hodges Capital Management Inc. acquired a new position in shares of Greenbrier Companies in the first quarter worth about $3,608,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $48.07 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The firm has a fifty day moving average of $47.03 and a 200 day moving average of $49.83. The firm has a market cap of $1.50 billion, a PE ratio of 12.58, a PEG ratio of 0.55 and a beta of 1.53. The Greenbrier Companies, Inc. has a one year low of $32.00 and a one year high of $58.00.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Monday, July 8th. The transportation company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The company had revenue of $820.20 million for the quarter, compared to analysts’ expectations of $928.73 million. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. As a group, research analysts predict that The Greenbrier Companies, Inc. will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd were given a $0.30 dividend. 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 presently 31.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, Greenbrier Companies currently has a consensus rating of “Hold” and a consensus target price of $57.50.

Insider Transactions at Greenbrier Companies

In other news, SVP Laurie R. Dornan sold 5,935 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total value of $302,210.20. Following the completion of the sale, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.54% of the company’s stock.

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.