Allianz Asset Management GmbH Boosts Position in Greenbrier Companies, Inc. (The) (GBX)
Allianz Asset Management GmbH boosted its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 46.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,834 shares of the transportation company’s stock after purchasing an additional 76,161 shares during the quarter. Allianz Asset Management GmbH owned about 0.85% of Greenbrier Companies worth $11,596,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Greenbrier Companies by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,322,591 shares of the transportation company’s stock valued at $246,170,000 after purchasing an additional 122,476 shares during the period. Schroder Investment Management Group grew its position in Greenbrier Companies by 35.5% in the 2nd quarter. Schroder Investment Management Group now owns 1,065,422 shares of the transportation company’s stock valued at $51,407,000 after purchasing an additional 279,137 shares during the period. Northern Trust Corp grew its position in Greenbrier Companies by 6.6% in the 2nd quarter. Northern Trust Corp now owns 790,902 shares of the transportation company’s stock valued at $36,579,000 after purchasing an additional 48,894 shares during the period. State Street Corp grew its position in Greenbrier Companies by 3.0% in the 2nd quarter. State Street Corp now owns 746,041 shares of the transportation company’s stock valued at $34,504,000 after purchasing an additional 21,758 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Greenbrier Companies by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 728,047 shares of the transportation company’s stock worth $35,056,000 after acquiring an additional 7,178 shares during the last quarter.
GBX has been the topic of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and set a $60.00 price objective on shares of Greenbrier Companies in a report on Tuesday, October 24th. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, August 29th. Cowen reaffirmed a “buy” rating and set a $57.00 price objective on shares of Greenbrier Companies in a report on Monday, August 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price objective (up from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Finally, Buckingham Research lifted their price objective on shares of Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. 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 assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.57.
Greenbrier Companies, Inc. (GBX) opened at $51.10 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 3.10. The stock has a market cap of $1,439.34, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.33 and a beta of 1.97. Greenbrier Companies, Inc. has a fifty-two week low of $39.10 and a fifty-two week high of $52.75.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.23. The firm had revenue of $611.40 million for the quarter, compared to the consensus estimate of $647.98 million. Greenbrier Companies had a net margin of 5.35% and a return on equity of 10.75%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. sell-side analysts anticipate that Greenbrier Companies, Inc. will post 3.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.80%. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, November 14th. Greenbrier Companies’s payout ratio is presently 25.14%.
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Greenbrier Companies 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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