Heartland Advisors Inc. Takes $4.90 Million Position in Greenbrier Companies, Inc. (The) $GBX

Heartland Advisors Inc. purchased a new position in Greenbrier Companies, Inc. (The) (NYSE:GBX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the transportation company’s stock, valued at approximately $4,901,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Greenbrier Companies by 19.9% during the first quarter. AQR Capital Management LLC now owns 13,053 shares of the transportation company’s stock worth $669,000 after buying an additional 2,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Greenbrier Companies by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,399 shares of the transportation company’s stock valued at $4,323,000 after acquiring an additional 3,121 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Greenbrier Companies by 22.4% during the 1st quarter. Intech Investment Management LLC now owns 33,244 shares of the transportation company’s stock valued at $1,703,000 after acquiring an additional 6,073 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Greenbrier Companies by 85.3% during the second quarter. Hsbc Holdings PLC now owns 12,002 shares of the transportation company’s stock worth $557,000 after purchasing an additional 5,525 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Greenbrier Companies by 9.0% in the second quarter. Invesco Ltd. now owns 477,218 shares of the transportation company’s stock worth $21,976,000 after purchasing an additional 39,350 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GBX. Susquehanna downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Thursday, July 2nd. Weiss Ratings cut shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Zacks Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Greenbrier Companies has a consensus rating of “Reduce” and an average price target of $45.00.

Greenbrier Companies Stock Up 0.5%

Greenbrier Companies stock opened at $46.05 on Friday. The firm has a fifty day simple moving average of $48.53 and a two-hundred day simple moving average of $50.49. Greenbrier Companies, Inc. has a twelve month low of $38.23 and a twelve month high of $59.19. The company has a market capitalization of $1.42 billion, a PE ratio of 13.66 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $576.50 million for the quarter, compared to analysts’ expectations of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company’s revenue for the quarter was down 31.6% compared to the same quarter last year. During the same period last year, the firm earned $1.86 earnings per share. As a group, equities analysts expect that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Investors of record on Thursday, July 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, July 16th. Greenbrier Companies’s dividend payout ratio (DPR) is presently 40.36%.

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.