Dynamic Technology Lab Private Ltd Acquires New Shares in The Greenbrier Companies, Inc. (NYSE:GBX)

Dynamic Technology Lab Private Ltd bought a new position in The Greenbrier Companies, Inc. (NYSE:GBX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,842 shares of the transportation company’s stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GBX. Centiva Capital LP acquired a new position in Greenbrier Companies in the third quarter worth approximately $408,000. Point72 Asset Management L.P. bought a new stake in Greenbrier Companies in the third quarter worth approximately $639,000. Stifel Financial Corp increased its stake in shares of Greenbrier Companies by 21.2% during the 3rd quarter. Stifel Financial Corp now owns 9,233 shares of the transportation company’s stock worth $470,000 after purchasing an additional 1,614 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Greenbrier Companies during the 3rd quarter worth $296,000. Finally, Geode Capital Management LLC raised its holdings in shares of Greenbrier Companies by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock valued at $36,237,000 after purchasing an additional 7,886 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the completion of the transaction, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Bank of America upped their price objective on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.00.

Greenbrier Companies Trading Down 2.4 %

Shares of GBX stock opened at $44.53 on Tuesday. The Greenbrier Companies, Inc. has a 12 month low of $41.40 and a 12 month high of $71.06. The company has a market cap of $1.40 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $56.82 and its two-hundred day moving average is $59.57.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. Greenbrier Companies’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. Equities analysts predict that The Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.30. Greenbrier Companies’s payout ratio is currently 20.94%.

Greenbrier Companies Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.