Barrow Hanley Mewhinney & Strauss LLC trimmed its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,469,306 shares of the transportation company's stock after selling 136,424 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 4.69% of Greenbrier Companies worth $89,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC grew its position in Greenbrier Companies by 51.7% during the 3rd quarter. Intech Investment Management LLC now owns 14,819 shares of the transportation company's stock worth $754,000 after purchasing an additional 5,050 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Greenbrier Companies by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company's stock worth $32,006,000 after acquiring an additional 2,536 shares during the period. Quantbot Technologies LP purchased a new position in Greenbrier Companies during the third quarter valued at approximately $1,038,000. Verition Fund Management LLC acquired a new position in Greenbrier Companies in the third quarter valued at approximately $1,210,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Greenbrier Companies during the 3rd quarter worth approximately $107,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Bank of America raised their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.00.
View Our Latest Research Report on GBX
Insiders Place Their Bets
In related news, COO William J. Krueger sold 2,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $63.21, for a total value of $126,420.00. Following the sale, the chief operating officer now directly owns 42,714 shares in the company, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.78% of the stock is owned by insiders.
Greenbrier Companies Price Performance
Shares of NYSE:GBX traded down $3.70 during midday trading on Thursday, hitting $48.29. The company had a trading volume of 258,721 shares, compared to its average volume of 440,708. 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's 50-day simple moving average is $58.27 and its 200-day simple moving average is $59.58. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62. The Greenbrier Companies, Inc. has a twelve month low of $41.40 and a twelve month high of $71.06.
Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.56. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm had revenue of $875.90 million during the quarter, compared to analyst estimates of $849.51 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Greenbrier Companies's quarterly revenue was up 8.3% on a year-over-year basis. On average, research analysts predict that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.
Greenbrier Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Wednesday, January 29th. Greenbrier Companies's dividend payout ratio is presently 20.94%.
Greenbrier Companies Profile
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Free Report)
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.
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