Fox Run Management L.L.C. Cuts Stake in Greenbrier Companies, Inc. (The) $GBX

Fox Run Management L.L.C. lowered its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,948 shares of the transportation company’s stock after selling 11,143 shares during the quarter. Fox Run Management L.L.C.’s holdings in Greenbrier Companies were worth $1,073,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GBX. AQR Capital Management LLC grew its position in shares of Greenbrier Companies by 19.9% during the first quarter. AQR Capital Management LLC now owns 13,053 shares of the transportation company’s stock worth $669,000 after purchasing an additional 2,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Greenbrier Companies by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,399 shares of the transportation company’s stock worth $4,323,000 after purchasing an additional 3,121 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Greenbrier Companies by 22.4% during the first quarter. Intech Investment Management LLC now owns 33,244 shares of the transportation company’s stock worth $1,703,000 after purchasing an additional 6,073 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Greenbrier Companies by 85.3% during the second quarter. Hsbc Holdings PLC now owns 12,002 shares of the transportation company’s stock worth $557,000 after purchasing an additional 5,525 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Greenbrier Companies by 9.0% during the second quarter. Invesco Ltd. now owns 477,218 shares of the transportation company’s stock worth $21,976,000 after purchasing an additional 39,350 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GBX shares. Zacks Research cut Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 9th. Weiss Ratings cut Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $49.00.

Greenbrier Companies Trading Up 1.7%

Shares of Greenbrier Companies stock opened at $48.01 on Wednesday. The stock has a 50 day moving average of $49.33 and a 200 day moving average of $50.11. Greenbrier Companies, Inc. has a 12 month low of $38.23 and a 12 month high of $59.19. The firm has a market cap of $1.49 billion, a PE ratio of 10.37 and a beta of 1.44.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Tuesday, April 7th. The transportation company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.35). Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The firm had revenue of $587.50 million for the quarter, compared to the consensus estimate of $667.02 million. During the same period in the previous year, the company posted $1.56 earnings per share. Greenbrier Companies’s quarterly revenue was down 22.9% on a year-over-year basis. As a group, equities research analysts forecast that Greenbrier Companies, Inc. will post 3.2 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, April 20th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, April 20th. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 2.8%. Greenbrier Companies’s dividend payout ratio is currently 29.37%.

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.