Dana Investment Advisors Inc. Has $8.68 Million Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Dana Investment Advisors Inc. lowered its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 16.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 142,233 shares of the transportation company’s stock after selling 28,719 shares during the period. Dana Investment Advisors Inc.’s holdings in Greenbrier Companies were worth $8,675,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GBX. Nisa Investment Advisors LLC grew its stake in shares of Greenbrier Companies by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after purchasing an additional 363 shares during the period. Victory Capital Management Inc. grew its position in Greenbrier Companies by 6.7% in the third quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after acquiring an additional 32,191 shares during the period. Empowered Funds LLC raised its stake in Greenbrier Companies by 5.3% during the third quarter. Empowered Funds LLC now owns 151,814 shares of the transportation company’s stock worth $7,726,000 after acquiring an additional 7,638 shares in the last quarter. Gladius Capital Management LP acquired a new position in Greenbrier Companies during the third quarter worth $32,000. Finally, Chesapeake Capital Corp IL lifted its holdings in shares of Greenbrier Companies by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 5,454 shares of the transportation company’s stock valued at $273,000 after acquiring an additional 1,190 shares during the period. Institutional investors and hedge funds own 95.59% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America upped 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. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Insiders Place Their Bets

In related news, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the sale, the chief operating officer now owns 42,714 shares of the company’s stock, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.78% of the company’s stock.

Greenbrier Companies Stock Up 3.3 %

NYSE GBX opened at $55.43 on Thursday. The stock’s 50 day simple moving average is $62.12 and its 200 day simple moving average is $58.63. The Greenbrier Companies, Inc. has a one year low of $41.40 and a one year high of $71.06. The firm has a market cap of $1.74 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84.

Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company had revenue of $875.90 million for the quarter, compared to analysts’ expectations of $849.51 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, January 29th. Greenbrier Companies’s payout ratio is presently 20.94%.

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.