The Greenbrier Companies, Inc. (NYSE:GBX) Shares Sold by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP lowered its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 36.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,687 shares of the transportation company’s stock after selling 2,678 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Greenbrier Companies were worth $286,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of Greenbrier Companies by 147.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company’s stock valued at $499,000 after acquiring an additional 4,876 shares during the last quarter. M3 Advisory Group LLC acquired a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $225,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $2,527,000. Northern Trust Corp grew its position in shares of Greenbrier Companies by 20.5% in the fourth quarter. Northern Trust Corp now owns 389,406 shares of the transportation company’s stock valued at $23,750,000 after purchasing an additional 66,185 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its position in shares of Greenbrier Companies by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 197,300 shares of the transportation company’s stock valued at $12,033,000 after purchasing an additional 12,600 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insider Activity at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. Following the transaction, the chief operating officer now directly owns 36,714 shares in the company, valued at approximately $1,762,272. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Susquehanna dropped their price target on Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating for the company in a research report on Tuesday, April 8th.

Greenbrier Companies Price Performance

GBX stock opened at $47.44 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The business has a 50 day simple moving average of $46.68 and a 200-day simple moving average of $57.48. The firm has a market capitalization of $1.49 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The Greenbrier Companies, Inc. has a 1 year low of $37.77 and a 1 year high of $71.06.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). The company had revenue of $762.10 million during the quarter, compared to analysts’ expectations of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. Greenbrier Companies’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. Equities research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd were issued a $0.32 dividend. The ex-dividend date was Tuesday, April 22nd. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.70%. Greenbrier Companies’s dividend payout ratio is currently 20.45%.

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.