Deutsche Bank AG Purchases Shares of 67,332 Greenbrier Companies, Inc. (The) $GBX

Deutsche Bank AG acquired a new position in Greenbrier Companies, Inc. (The) (NYSE:GBX) during the second quarter, according to its most recent filing with the SEC. The firm acquired 67,332 shares of the transportation company’s stock, valued at approximately $3,300,000.

Other hedge funds have also recently made changes to their positions in the company. Deprince Race & Zollo Inc. purchased a new position in shares of Greenbrier Companies during the first quarter valued at about $20,312,000. Quantinno Capital Management LP lifted its holdings in Greenbrier Companies by 359.1% in the first quarter. Quantinno Capital Management LP now owns 39,563 shares of the transportation company’s stock worth $2,083,000 after buying an additional 30,945 shares during the period. VELA Investment Management LLC lifted its holdings in Greenbrier Companies by 15.3% in the fourth quarter. VELA Investment Management LLC now owns 92,695 shares of the transportation company’s stock worth $4,333,000 after buying an additional 12,269 shares during the period. Hodges Capital Management Inc. boosted its position in Greenbrier Companies by 61.7% during the 4th quarter. Hodges Capital Management Inc. now owns 54,630 shares of the transportation company’s stock valued at $2,553,000 after acquiring an additional 20,835 shares in the last quarter. Finally, Crown Advisors Management Inc. bought a new stake in Greenbrier Companies during the 2nd quarter valued at approximately $1,715,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Trading Up 0.1%

Shares of GBX opened at $46.21 on Thursday. The business’s fifty day simple moving average is $48.35 and its two-hundred day simple moving average is $50.33. Greenbrier Companies, Inc. has a 12 month low of $38.23 and a 12 month high of $59.19. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 13.71 and a beta of 1.43.

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

Greenbrier Companies Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on GBX shares. Wall Street Zen raised Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Susquehanna lowered Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Thursday, July 2nd. Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Weiss Ratings downgraded Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $45.00.

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.