Driehaus Capital Management LLC Has $9.68 Million Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Driehaus Capital Management LLC decreased its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 29.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,406 shares of the transportation company’s stock after selling 83,496 shares during the period. Driehaus Capital Management LLC owned approximately 0.63% of Greenbrier Companies worth $9,682,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at about $10,242,000. Quadrature Capital Ltd boosted its holdings in shares of Greenbrier Companies by 16.3% during the 4th quarter. Quadrature Capital Ltd now owns 28,585 shares of the transportation company’s stock worth $1,263,000 after buying an additional 4,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Greenbrier Companies by 2.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company’s stock worth $42,222,000 after buying an additional 25,300 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Greenbrier Companies by 2.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 615,762 shares of the transportation company’s stock worth $27,204,000 after buying an additional 17,293 shares during the period. Finally, Cullen Investment Group LTD. increased its stake in shares of Greenbrier Companies by 1.8% in the 1st quarter. Cullen Investment Group LTD. now owns 19,840 shares of the transportation company’s stock valued at $1,020,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Insider Transactions at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of the company’s 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 sale, the senior vice president now owns 23,226 shares in the company, valued at approximately $1,182,667.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.54% of the stock is currently owned by insiders.

Greenbrier Companies Stock Up 0.8 %

GBX stock opened at $50.04 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 Greenbrier Companies, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $58.00. The stock’s 50 day simple moving average is $47.78 and its 200 day simple moving average is $49.78. The company has a market cap of $1.56 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.62 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last issued its earnings results 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 firm had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. During the same period in the previous year, the company earned $1.02 earnings per share. Greenbrier Companies’s revenue for the quarter was down 21.0% compared to the same quarter last year. On average, research analysts expect that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio is currently 31.41%.

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.