Bayesian Capital Management LP Buys Shares of 4,200 The Greenbrier Companies, Inc. (NYSE:GBX)

Bayesian Capital Management LP purchased a new position in The Greenbrier Companies, Inc. (NYSE:GBX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,200 shares of the transportation company’s stock, valued at approximately $256,000.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in Greenbrier Companies by 2.0% during the fourth quarter. Ameriprise Financial Inc. now owns 536,381 shares of the transportation company’s stock valued at $32,714,000 after purchasing an additional 10,521 shares during the period. Algert Global LLC acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at $3,458,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Greenbrier Companies in the 4th quarter valued at $4,173,000. Northern Trust Corp raised its stake in Greenbrier Companies by 20.5% during the 4th quarter. Northern Trust Corp now owns 389,406 shares of the transportation company’s stock worth $23,750,000 after buying an additional 66,185 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Greenbrier Companies by 47.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 22,482 shares of the transportation company’s stock worth $1,371,000 after acquiring an additional 7,239 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on GBX. Susquehanna lowered their price target on Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating for the company in a report on Tuesday, April 8th. Bank of America raised their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a report on Thursday, January 9th.

Greenbrier Companies Trading Up 4.4 %

Shares of NYSE:GBX opened at $44.75 on Friday. The company’s 50-day moving average price is $47.64 and its two-hundred day moving average price is $57.95. The Greenbrier Companies, Inc. has a one year low of $37.77 and a one year high of $71.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The stock has a market capitalization of $1.40 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.09). The company had revenue of $762.10 million for the quarter, compared to the consensus estimate of $898.53 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS. On average, equities analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.86%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 20.45%.

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.