Greenbrier Companies, Inc. (The) (GBX) Shares Bought by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 35.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,676 shares of the transportation company’s stock after purchasing an additional 5,189 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.07% of Greenbrier Companies worth $947,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of GBX. Riverhead Capital Management LLC increased its holdings in shares of Greenbrier Companies by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 898 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Greenbrier Companies by 872.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,529 shares in the last quarter. US Bancorp DE increased its holdings in shares of Greenbrier Companies by 18.5% during the second quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock valued at $237,000 after acquiring an additional 800 shares in the last quarter. Airain ltd bought a new stake in shares of Greenbrier Companies during the second quarter valued at approximately $276,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Greenbrier Companies during the second quarter valued at approximately $284,000.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Buckingham Research boosted their price objective on Greenbrier Companies from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, October 5th. Cowen restated an “outperform” rating and set a $58.00 price objective (up previously from $57.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Finally, KeyCorp restated a “buy” rating and set a $60.00 price objective on shares of Greenbrier Companies in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Greenbrier Companies presently has a consensus rating of “Buy” and an average target price of $53.57.
Greenbrier Companies (NYSE:GBX) last announced its earnings results on Friday, October 27th. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.23. The company had revenue of $611.40 million for the quarter, compared to analysts’ expectations of $647.98 million. Greenbrier Companies had a return on equity of 10.75% and a net margin of 5.35%. Greenbrier Companies’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 earnings per share. analysts anticipate that Greenbrier Companies, Inc. will post 3.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be given a dividend of $0.23 per share. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.86%. Greenbrier Companies’s payout ratio is presently 25.14%.
In related news, EVP Alejandro Centurion sold 5,500 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.21, for a total transaction of $287,155.00. Following the transaction, the executive vice president now owns 19,593 shares of the company’s stock, valued at $1,022,950.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William A. Furman sold 95,700 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $46.91, for a total value of $4,489,287.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 289,570 shares of company stock worth $13,824,232. 2.46% of the stock is owned by insiders.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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