Greenbrier Companies, Inc. (The) $GBX Holdings Reduced by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 33.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,000 shares of the transportation company’s stock after selling 2,500 shares during the quarter. King Luther Capital Management Corp’s holdings in Greenbrier Companies were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Moors & Cabot Inc. grew its holdings in Greenbrier Companies by 5.9% in the 2nd quarter. Moors & Cabot Inc. now owns 12,650 shares of the transportation company’s stock worth $583,000 after buying an additional 700 shares in the last quarter. Bank of Montreal Can boosted its position in Greenbrier Companies by 29.3% during the 2nd quarter. Bank of Montreal Can now owns 17,946 shares of the transportation company’s stock worth $826,000 after acquiring an additional 4,072 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Greenbrier Companies by 34.0% in the second quarter. Teacher Retirement System of Texas now owns 6,141 shares of the transportation company’s stock worth $283,000 after purchasing an additional 1,558 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Greenbrier Companies during the second quarter valued at $2,335,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Greenbrier Companies by 22.3% during the second quarter. Nisa Investment Advisors LLC now owns 11,738 shares of the transportation company’s stock valued at $541,000 after purchasing an additional 2,140 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Stock Performance

Shares of GBX opened at $42.33 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.43 and a quick ratio of 0.82. The firm’s 50 day moving average is $45.13 and its 200-day moving average is $46.25. Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06. The stock has a market capitalization of $1.31 billion, a P/E ratio of 6.72, a P/E/G ratio of 1.82 and a beta of 1.75.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, May 31st. The transportation company reported $0.05 earnings per share for the quarter. The firm had revenue of $766.50 million during the quarter. Greenbrier Companies had a net margin of 6.30% and a return on equity of 12.90%. Equities research analysts anticipate that Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Greenbrier Companies’s dividend payout ratio is currently 20.32%.

Wall Street Analysts Forecast Growth

GBX has been the subject of a number of recent analyst reports. Susquehanna decreased their target price on shares of Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating for the company in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Greenbrier Companies in a report on Wednesday, October 8th. Finally, Zacks Research cut Greenbrier Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $57.00.

Greenbrier Companies Company 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.