Greenbrier Companies, Inc. (The) $GBX Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 99.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,935 shares of the transportation company’s stock after selling 1,541,695 shares during the quarter. Royal Bank of Canada’s holdings in Greenbrier Companies were worth $417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gen Wealth Partners Inc purchased a new stake in shares of Greenbrier Companies during the fourth quarter worth approximately $38,000. Quarry LP lifted its stake in Greenbrier Companies by 6,900.0% in the third quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after acquiring an additional 1,104 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Greenbrier Companies in the first quarter worth approximately $54,000. Danske Bank A S acquired a new position in Greenbrier Companies during the 4th quarter worth approximately $61,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Greenbrier Companies by 282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 2,245 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GBX. Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Wall Street Zen upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings lowered Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, Susquehanna cut Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Thursday, July 2nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Greenbrier Companies has a consensus rating of “Reduce” and a consensus price target of $45.00.

Greenbrier Companies Stock Up 0.1%

Shares of Greenbrier Companies stock opened at $46.21 on Thursday. Greenbrier Companies, Inc. has a 52 week low of $38.23 and a 52 week high of $59.19. The firm’s 50 day moving average is $48.35 and its two-hundred day moving average is $50.33. The firm has a market capitalization of $1.43 billion, a P/E ratio of 13.71 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $576.50 million during the quarter, compared to the consensus estimate of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The business’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. As a group, research analysts expect that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 16th. Greenbrier Companies’s payout ratio is currently 40.36%.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.