Greenbrier Companies, Inc. (The) $GBX Shares Sold by Fisher Asset Management LLC

by · The Cerbat Gem

Fisher Asset Management LLC lessened its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX – Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214,162 shares of the transportation company’s stock after selling 26,867 shares during the quarter. Fisher Asset Management LLC’s holdings in Greenbrier Companies were worth $10,010,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GBX. Quarry LP boosted its holdings in shares of Greenbrier Companies by 6,900.0% in the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 1,104 shares during the last quarter. State of Wyoming acquired a new position in shares of Greenbrier Companies in the 3rd quarter valued at $58,000. Danske Bank A S acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at $61,000. Tower Research Capital LLC TRC boosted its holdings 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. Finally, Advisory Services Network LLC acquired a new position in shares of Greenbrier Companies during the 3rd quarter valued at $180,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Greenbrier Companies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Zacks Research lowered shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.00.

View Our Latest Research Report on Greenbrier Companies

Greenbrier Companies Price Performance

Greenbrier Companies stock opened at $48.41 on Thursday. Greenbrier Companies, Inc. has a 12-month low of $38.23 and a 12-month high of $59.19. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 10.46 and a beta of 1.48. The firm’s fifty day moving average price is $50.10 and its 200 day moving average price is $49.81.

Greenbrier Companies (NYSE:GBX – Get Free Report) last released its quarterly earnings results on Tuesday, April 7th. The transportation company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.35). Greenbrier Companies had a return on equity of 8.94% and a net margin of 5.12%.The firm had revenue of $587.50 million for the quarter, compared to analysts’ expectations of $667.02 million. During the same period last year, the firm earned $1.56 EPS. The business’s quarterly revenue was down 22.9% on a year-over-year basis. Analysts forecast that Greenbrier Companies, Inc. will post 3.2 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 20th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, April 20th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.32. Greenbrier Companies’s payout ratio is presently 29.37%.

Greenbrier Companies Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding GBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenbrier Companies, Inc. (The) (NYSE:GBX – Free Report).