Mangrove Partners IM LLC Buys Shares of 14,148 Greenbrier Companies, Inc. (The) $GBX

Mangrove Partners IM LLC bought a new stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) during the 4th quarter, Holdings Channel reports. The firm bought 14,148 shares of the transportation company’s stock, valued at approximately $661,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Truvestments Capital LLC lifted its stake in Greenbrier Companies by 1.2% during the 4th quarter. Truvestments Capital LLC now owns 89,354 shares of the transportation company’s stock valued at $4,176,000 after acquiring an additional 1,021 shares during the period. Verition Fund Management LLC lifted its stake in Greenbrier Companies by 143.8% during the 4th quarter. Verition Fund Management LLC now owns 58,695 shares of the transportation company’s stock valued at $2,743,000 after acquiring an additional 34,616 shares during the period. Focus Partners Wealth bought a new position in Greenbrier Companies during the 4th quarter valued at about $5,691,000. Congruence Capital LLC bought a new position in Greenbrier Companies during the 4th quarter valued at about $6,349,000. Finally, Entropy Technologies LP bought a new position in Greenbrier Companies during the 4th quarter valued at about $376,000. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Price Performance

Shares of GBX opened at $49.30 on Wednesday. Greenbrier Companies, Inc. has a 1 year low of $38.23 and a 1 year high of $59.19. The company has a 50 day simple moving average of $48.89 and a two-hundred day simple moving average of $50.26. The firm has a market cap of $1.53 billion, a P/E ratio of 10.65 and a beta of 1.44.

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 analysts’ consensus estimates of $0.82 by ($0.35). Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The company had revenue of $587.50 million for the quarter, compared to analysts’ expectations of $667.02 million. During the same period last year, the business earned $1.56 earnings per share. The company’s quarterly revenue was down 22.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Greenbrier Companies, Inc. will post 3.2 earnings per share for the current year.

Greenbrier Companies Increases Dividend

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

Analyst Ratings Changes

GBX has been the topic of several research analyst reports. Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings cut shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Greenbrier Companies presently has a consensus rating of “Hold” 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.