The Manufacturers Life Insurance Company Makes New Investment in Greenbrier Companies, Inc. (The) $GBX

The Manufacturers Life Insurance Company acquired 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 SEC. The fund acquired 11,954 shares of the transportation company’s stock, valued at approximately $586,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. purchased a new stake in shares of Greenbrier Companies in the first quarter worth approximately $20,312,000. Quantinno Capital Management LP grew its position in Greenbrier Companies by 359.1% during the first quarter. Quantinno Capital Management LP now owns 39,563 shares of the transportation company’s stock valued at $2,083,000 after purchasing an additional 30,945 shares in the last quarter. Hodges Capital Management Inc. grew its position in Greenbrier Companies by 61.7% during the fourth quarter. Hodges Capital Management Inc. now owns 54,630 shares of the transportation company’s stock valued at $2,553,000 after purchasing an additional 20,835 shares in the last quarter. Crown Advisors Management Inc. acquired a new position in Greenbrier Companies in the 2nd quarter valued at approximately $1,715,000. Finally, Heartland Advisors Inc. acquired a new position in Greenbrier Companies in the 2nd quarter valued at approximately $4,901,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GBX. Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Thursday, July 2nd. Weiss Ratings lowered Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Wall Street Zen upgraded Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $45.00.

Greenbrier Companies Stock Performance

GBX opened at $43.19 on Monday. Greenbrier Companies, Inc. has a 52-week low of $38.23 and a 52-week high of $59.19. The stock has a 50-day moving average of $47.51 and a 200-day moving average of $49.76. The company has a market cap of $1.34 billion, a PE ratio of 12.82 and a beta of 1.42.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $576.50 million during the quarter, compared to analysts’ expectations of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. 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 earned $1.86 earnings per share. On average, research 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 was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.1%. Greenbrier Companies’s payout ratio is currently 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.