Invesco Ltd. Cuts Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Invesco Ltd. cut its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 16.3% in the 4th quarter, HoldingsChannel reports. The firm owned 371,718 shares of the transportation company’s stock after selling 72,476 shares during the quarter. Invesco Ltd.’s holdings in Greenbrier Companies were worth $22,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. R Squared Ltd bought a new position in Greenbrier Companies during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC increased its stake in shares of Greenbrier Companies by 241.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company’s stock worth $56,000 after purchasing an additional 644 shares during the last quarter. KBC Group NV raised its holdings in shares of Greenbrier Companies by 57.8% in the 4th quarter. KBC Group NV now owns 1,466 shares of the transportation company’s stock worth $89,000 after purchasing an additional 537 shares during the period. Westhampton Capital LLC bought a new stake in shares of Greenbrier Companies in the 4th quarter worth approximately $207,000. Finally, Sloy Dahl & Holst LLC bought a new position in Greenbrier Companies during the fourth quarter valued at $211,000. 95.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $42.86 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The Greenbrier Companies, Inc. has a fifty-two week low of $37.77 and a fifty-two week high of $71.06. The stock has a market cap of $1.35 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. The stock has a fifty day moving average of $51.59 and a 200-day moving average of $58.71.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company had revenue of $762.10 million for the quarter, compared to the consensus estimate of $898.53 million. During the same quarter in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Equities research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 earnings per share 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 paid a dividend of $0.32 per share. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.28 annualized dividend and a yield of 2.99%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 20.45%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GBX. Susquehanna lowered their target price on Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating on the stock in a research note on Tuesday, April 8th. Bank of America upped their price objective on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a report on Thursday, January 9th.

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.