Dana Investment Advisors Inc. Has $9.16 Million Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Dana Investment Advisors Inc. reduced its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,847 shares of the transportation company's stock after selling 15,261 shares during the quarter. Dana Investment Advisors Inc. owned 0.59% of Greenbrier Companies worth $9,159,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GBX. Encompass Capital Advisors LLC acquired a new stake in shares of Greenbrier Companies in the second quarter valued at approximately $19,820,000. Norges Bank bought a new stake in Greenbrier Companies during the 4th quarter worth about $10,242,000. Hennessy Advisors Inc. acquired a new position in shares of Greenbrier Companies during the 2nd quarter worth about $8,126,000. LSV Asset Management grew its holdings in shares of Greenbrier Companies by 112.4% in the 1st quarter. LSV Asset Management now owns 218,133 shares of the transportation company's stock valued at $11,365,000 after acquiring an additional 115,421 shares in the last quarter. Finally, Galibier Capital Management Ltd. acquired a new stake in shares of Greenbrier Companies in the second quarter valued at about $5,175,000. 95.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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 given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $62.67.

Insider Activity

In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of the firm'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 completion of the sale, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.54% of the company's stock.

Greenbrier Companies Stock Performance

Shares of GBX traded down $1.29 during midday trading on Tuesday, reaching $49.60. The stock had a trading volume of 181,494 shares, compared to its average volume of 326,177. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The firm has a 50 day simple moving average of $47.83 and a 200-day simple moving average of $49.80. The firm has a market cap of $1.54 billion, a PE ratio of 12.98, a P/E/G ratio of 0.62 and a beta of 1.53. The Greenbrier Companies, Inc. has a one year low of $32.00 and a one year 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 (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.02). The business had revenue of $820.20 million during the quarter, compared to analyst estimates of $928.73 million. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The business's quarterly revenue was down 21.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share. As a group, sell-side analysts anticipate that The Greenbrier Companies, Inc. will post 4.35 EPS for the current year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.42%. Greenbrier Companies's dividend payout ratio is currently 31.41%.

About Greenbrier Companies

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.