Greenbrier Companies, Inc. (The) (NYSE:GBX) Shares Acquired by Austin Asset Management Co Inc

Austin Asset Management Co Inc increased its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 23.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,233 shares of the transportation company’s stock after purchasing an additional 4,026 shares during the period. Austin Asset Management Co Inc’s holdings in Greenbrier Companies were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Yorktown Management & Research Co Inc purchased a new stake in shares of Greenbrier Companies during the 1st quarter worth $207,000. Cambridge Investment Research Advisors Inc. purchased a new position in Greenbrier Companies in the first quarter valued at about $586,000. Harbor Capital Advisors Inc. lifted its position in shares of Greenbrier Companies by 28.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 40,577 shares of the transportation company’s stock valued at $2,078,000 after acquiring an additional 8,908 shares during the period. Range Financial Group LLC acquired a new position in Greenbrier Companies during the first quarter worth $745,000. Finally, Curat Global LLC purchased a new stake in shares of Greenbrier Companies in the 1st quarter worth about $56,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $48.00, for a total transaction of $96,000.00. Following the completion of the transaction, the chief operating officer now owns 36,714 shares of the company’s stock, valued at approximately $1,762,272. The trade was a 5.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.78% of the stock is currently owned by corporate insiders.

Greenbrier Companies Trading Down 1.5%

Shares of GBX opened at $45.22 on Thursday. 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 0.85, a quick ratio of 0.83 and a current ratio of 1.50. The company has a market capitalization of $1.42 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.85 and a beta of 1.73. The stock has a 50-day moving average price of $44.82 and a 200 day moving average price of $53.64.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Monday, April 7th. The transportation company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.09). The firm had revenue of $762.10 million during the quarter, compared to the consensus estimate of $898.53 million. Greenbrier Companies had a return on equity of 13.12% and a net margin of 5.77%. Greenbrier Companies’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Sell-side analysts forecast that Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.30. Greenbrier Companies’s dividend payout ratio (DPR) is 20.45%.

Wall Street Analysts Forecast Growth

Separately, Susquehanna decreased their price target on shares of Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating on the stock in a research note on Tuesday, April 8th.

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.