VELA Investment Management LLC Grows Holdings in Greenbrier Companies, Inc. (The) $GBX

VELA Investment Management LLC grew its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,695 shares of the transportation company’s stock after buying an additional 12,269 shares during the period. Greenbrier Companies makes up about 1.0% of VELA Investment Management LLC’s holdings, making the stock its 26th biggest holding. VELA Investment Management LLC owned 0.30% of Greenbrier Companies worth $4,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Greenbrier Companies by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,894,314 shares of the transportation company’s stock worth $179,800,000 after purchasing an additional 51,624 shares during the last quarter. Fox Run Management L.L.C. raised its position in shares of Greenbrier Companies by 330.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 34,091 shares of the transportation company’s stock worth $1,574,000 after purchasing an additional 26,173 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Greenbrier Companies by 159.0% during the 3rd quarter. Intech Investment Management LLC now owns 71,276 shares of the transportation company’s stock worth $3,291,000 after purchasing an additional 43,759 shares during the last quarter. Algert Global LLC raised its position in shares of Greenbrier Companies by 106.8% during the 3rd quarter. Algert Global LLC now owns 395,503 shares of the transportation company’s stock worth $18,260,000 after purchasing an additional 204,229 shares during the last quarter. Finally, Denali Advisors LLC acquired a new position in shares of Greenbrier Companies during the 3rd quarter worth about $1,224,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Trading Up 1.9%

Shares of NYSE GBX opened at $50.06 on Friday. Greenbrier Companies, Inc. has a 12-month low of $38.23 and a 12-month high of $59.19. The stock has a market cap of $1.55 billion, a PE ratio of 10.81, a P/E/G ratio of 2.89 and a beta of 1.48. The company has a 50-day moving average of $52.41 and a 200 day moving average of $49.20.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data 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 net margin of 5.12% and a return on equity of 8.94%. The business had revenue of $587.50 million for the quarter, compared to analysts’ expectations of $667.02 million. During the same period in the prior year, the company posted $1.56 EPS. The firm’s revenue was down 22.9% on a year-over-year basis. On average, sell-side analysts forecast that Greenbrier Companies, Inc. will post 3.2 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, April 20th will be paid a $0.34 dividend. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, April 20th. This represents a $1.36 annualized dividend and a dividend yield of 2.7%. Greenbrier Companies’s dividend payout ratio is currently 29.37%.

Analysts Set New Price Targets

GBX has been the subject of several research analyst reports. Zacks Research downgraded shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Greenbrier Companies in a research report on Tuesday, April 21st. Finally, Susquehanna upped their price target on shares of Greenbrier Companies from $52.00 to $60.00 and gave the stock a “positive” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $49.00.

Greenbrier Companies Company Profile

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.