First Trust Advisors LP Has $38.04 Million Position in The Greenbrier Companies, Inc. (NYSE:GBX)

First Trust Advisors LP cut its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 13.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 623,635 shares of the transportation company's stock after selling 98,057 shares during the quarter. First Trust Advisors LP owned about 1.99% of Greenbrier Companies worth $38,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its position in shares of Greenbrier Companies by 466.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the transportation company's stock valued at $104,000 after acquiring an additional 1,400 shares during the period. Marshall Wace LLP boosted its holdings in Greenbrier Companies by 472.2% in the 4th quarter. Marshall Wace LLP now owns 44,633 shares of the transportation company's stock valued at $2,722,000 after purchasing an additional 36,833 shares during the period. Zacks Investment Management bought a new stake in Greenbrier Companies in the 4th quarter valued at about $1,756,000. EAM Investors LLC acquired a new position in shares of Greenbrier Companies during the 4th quarter worth approximately $3,504,000. Finally, XTX Topco Ltd increased its holdings in shares of Greenbrier Companies by 43.2% during the fourth quarter. XTX Topco Ltd now owns 8,317 shares of the transportation company's stock worth $507,000 after purchasing an additional 2,509 shares during the period. 95.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GBX shares. Susquehanna reduced their price target on Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating on the stock in a research report on Tuesday, April 8th. Bank of America increased their target price on Greenbrier Companies from $60.00 to $62.00 and gave the stock an "underperform" rating in a report on Thursday, January 9th.

Greenbrier Companies Stock Performance

NYSE GBX opened at $42.86 on Friday. The Greenbrier Companies, Inc. has a 1 year low of $37.77 and a 1 year high of $71.06. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 0.80 and a beta of 1.56. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The firm's 50 day simple moving average is $50.16 and its 200 day simple moving average is $58.52.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The business had revenue of $762.10 million during the quarter, compared to the consensus estimate of $898.53 million. During the same quarter in the previous year, the business posted $1.03 EPS. The company's revenue for the quarter was down 11.7% on a year-over-year basis. As a group, research analysts expect that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.99%. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. Greenbrier Companies's dividend payout ratio is 20.45%.

Insider Activity at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the sale, the chief operating officer now owns 42,714 shares of the company's stock, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.78% of the stock is currently owned by insiders.

Greenbrier Companies 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.

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