SummitTX Capital L.P. Purchases Shares of 45,262 Greenbrier Companies, Inc. (The) $GBX

SummitTX Capital L.P. purchased a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,262 shares of the transportation company’s stock, valued at approximately $2,383,000.

A number of other large investors also recently modified their holdings of the company. Gen Wealth Partners Inc acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at about $38,000. Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies during the 1st quarter worth approximately $54,000. Quarry LP increased its position in 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 purchasing an additional 1,104 shares in the last quarter. Danske Bank A S purchased a new position in Greenbrier Companies in the fourth quarter valued at approximately $61,000. Finally, State of Wyoming purchased a new position in Greenbrier Companies in the first quarter valued at approximately $149,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on GBX shares. Wall Street Zen cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings downgraded shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX opened at $51.89 on Wednesday. The company has a market cap of $1.61 billion, a P/E ratio of 15.40 and a beta of 1.43. Greenbrier Companies, Inc. has a one year low of $38.23 and a one year high of $59.19. The business’s 50-day simple moving average is $48.63 and its 200 day simple moving average is $50.82.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $576.50 million for the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.Greenbrier Companies’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 EPS. Analysts predict that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 16th. Greenbrier Companies’s payout ratio is presently 40.36%.

Greenbrier Companies 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.