13,700 Shares in Greenbrier Companies, Inc. (The) $GBX Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,700 shares of the transportation company’s stock, valued at approximately $721,000.

A number of other hedge funds also recently modified their holdings of GBX. Gen Wealth Partners Inc bought a new stake in shares of Greenbrier Companies in the fourth quarter worth $38,000. Quarry LP lifted its holdings in Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after buying an additional 1,104 shares during the period. Danske Bank A S bought a new stake in shares of Greenbrier Companies in the 4th quarter valued at about $61,000. Tower Research Capital LLC TRC grew its position in shares of Greenbrier Companies by 282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock valued at $140,000 after buying an additional 2,245 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Greenbrier Companies in the third quarter valued at about $180,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings downgraded shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Susquehanna cut shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Thursday, July 2nd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $45.00.

Greenbrier Companies Trading Down 2.8%

Shares of GBX stock traded down $1.33 during trading hours on Tuesday, reaching $46.99. The stock had a trading volume of 7,111 shares, compared to its average volume of 453,587. The stock’s fifty day simple moving average is $48.61 and its 200 day simple moving average is $50.58. The firm has a market capitalization of $1.45 billion, a PE ratio of 14.04 and a beta of 1.43. Greenbrier Companies, Inc. has a 12 month low of $38.23 and a 12 month high of $59.19.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $576.50 million for the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. Greenbrier Companies’s revenue was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. As a group, equities research analysts anticipate that Greenbrier Companies, Inc. will post 3.1 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, July 16th. Greenbrier Companies’s payout ratio is presently 40.36%.

Greenbrier Companies Profile

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.