6,700 Shares in The Greenbrier Companies, Inc. (NYSE:GBX) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,700 shares of the transportation company's stock, valued at approximately $409,000.

Other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in shares of Greenbrier Companies in the third quarter valued at approximately $1,210,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Greenbrier Companies in the third quarter valued at $107,000. Centiva Capital LP acquired a new stake in Greenbrier Companies in the 3rd quarter valued at $408,000. Point72 Asset Management L.P. bought a new stake in Greenbrier Companies during the 3rd quarter worth about $639,000. Finally, Stifel Financial Corp boosted its stake in shares of Greenbrier Companies by 21.2% during the 3rd quarter. Stifel Financial Corp now owns 9,233 shares of the transportation company's stock worth $470,000 after buying an additional 1,614 shares during the last quarter. Institutional investors own 95.59% of the company's stock.

Insider Buying and Selling at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $63.21, for a total transaction of $126,420.00. Following the completion of the sale, the chief operating officer now owns 42,714 shares of the company's stock, 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 SEC, which is accessible through the SEC website. Corporate insiders own 1.78% of the company's stock.

Remove Ads

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock traded up $3.77 during trading on Wednesday, hitting $43.40. 1,566,900 shares of the stock were exchanged, compared to its average volume of 367,492. 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 company has a fifty day moving average price of $54.80 and a 200-day moving average price of $59.19. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. The Greenbrier Companies, Inc. has a 1-year low of $37.84 and a 1-year high of $71.06.

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

Greenbrier Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.95%. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 22nd. Greenbrier Companies's payout ratio is 20.45%.

Wall Street Analyst Weigh In

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

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.