Greenbrier Companies, Inc. (The) (NYSE:GBX – Get Free Report) announced a quarterly dividend on Thursday, January 8th. Investors of record on Tuesday, January 27th will be given a dividend of 0.32 per share by the transportation company on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, January 27th.
Greenbrier Companies has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Greenbrier Companies has a dividend payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Greenbrier Companies to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.5%.
Greenbrier Companies Stock Performance
NYSE:GBX opened at $53.43 on Friday. The stock has a market capitalization of $1.67 billion, a PE ratio of 8.48, a P/E/G ratio of 2.20 and a beta of 1.67. The company has a fifty day moving average of $45.25 and a two-hundred day moving average of $46.42. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.38 and a current ratio of 2.43. Greenbrier Companies has a fifty-two week low of $37.77 and a fifty-two week high of $71.06.
Institutional Investors Weigh In On Greenbrier Companies
Hedge funds and other institutional investors have recently bought and sold shares of the company. Evelyn Partners Asset Management Ltd purchased a new position in Greenbrier Companies during the second quarter worth about $47,000. Quarry LP increased its holdings in shares of Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after buying an additional 1,104 shares during the last quarter. State of Wyoming purchased a new stake in shares of Greenbrier Companies during the 3rd quarter valued at approximately $58,000. Tower Research Capital LLC TRC raised its position in shares of Greenbrier Companies by 282.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock valued at $140,000 after buying an additional 2,245 shares during the period. Finally, EMC Capital Management acquired a new position in Greenbrier Companies in the second quarter valued at approximately $150,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.
About Greenbrier Companies
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.
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