Driehaus Capital Management LLC Sells 83,496 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Driehaus Capital Management LLC reduced its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 29.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,406 shares of the transportation company's stock after selling 83,496 shares during the quarter. Driehaus Capital Management LLC owned about 0.63% of Greenbrier Companies worth $9,682,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GBX. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Greenbrier Companies by 1.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company's stock valued at $80,111,000 after acquiring an additional 18,552 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Greenbrier Companies by 2.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company's stock worth $42,222,000 after buying an additional 25,300 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Greenbrier Companies by 2.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 615,762 shares of the transportation company's stock worth $27,204,000 after acquiring an additional 17,293 shares during the period. Encompass Capital Advisors LLC acquired a new position in Greenbrier Companies in the 2nd quarter valued at $19,820,000. Finally, LSV Asset Management lifted its position in shares of Greenbrier Companies by 12.9% during the 2nd quarter. LSV Asset Management now owns 246,233 shares of the transportation company's stock valued at $12,201,000 after acquiring an additional 28,100 shares during the period. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total transaction of $302,210.20. Following the sale, the senior vice president now directly owns 23,226 shares of the company's stock, valued at approximately $1,182,667.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.54% of the stock is owned by company insiders.

Greenbrier Companies Price Performance

GBX stock traded up $0.85 during trading on Monday, reaching $50.89. 188,499 shares of the company were exchanged, compared to its average volume of 326,944. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.62 and a beta of 1.53. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The company has a 50-day moving average of $47.78 and a two-hundred day moving average of $49.78. The Greenbrier Companies, Inc. has a twelve month low of $32.00 and a twelve month high of $58.00.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings data on Monday, July 8th. The transportation company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.02). Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The firm had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. During the same period last year, the business earned $1.02 EPS. The company's revenue was down 21.0% compared to the same quarter last year. As a group, equities analysts predict that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Tuesday, July 23rd. Greenbrier Companies's dividend payout ratio is currently 31.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $62.67.

Greenbrier Companies Company 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.