Principal Financial Group Inc. Raises Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Principal Financial Group Inc. boosted its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 152,029 shares of the transportation company's stock after acquiring an additional 5,289 shares during the quarter. Principal Financial Group Inc. owned 0.48% of Greenbrier Companies worth $9,272,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Values First Advisors Inc. grew its position in shares of Greenbrier Companies by 3.8% in the fourth quarter. Values First Advisors Inc. now owns 4,134 shares of the transportation company's stock valued at $252,000 after purchasing an additional 151 shares during the period. Cullen Investment Group LTD. boosted its position in shares of Greenbrier Companies by 1.0% during the 4th quarter. Cullen Investment Group LTD. now owns 19,675 shares of the transportation company's stock worth $1,200,000 after purchasing an additional 204 shares during the period. Carolina Wealth Advisors LLC increased its stake in Greenbrier Companies by 2.4% during the fourth quarter. Carolina Wealth Advisors LLC now owns 13,859 shares of the transportation company's stock worth $845,000 after purchasing an additional 331 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Greenbrier Companies by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company's stock valued at $506,000 after purchasing an additional 363 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Greenbrier Companies in the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 95.59% of the company's stock.

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Greenbrier Companies Stock Down 0.1 %

NYSE:GBX traded down $0.06 during mid-day trading on Tuesday, hitting $54.10. The stock had a trading volume of 231,941 shares, compared to its average volume of 439,790. 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 Greenbrier Companies, Inc. has a twelve month low of $41.40 and a twelve month high of $71.06. The company has a market capitalization of $1.70 billion, a PE ratio of 9.46, a PEG ratio of 0.80 and a beta of 1.52. The stock has a 50-day simple moving average of $62.45 and a two-hundred day simple moving average of $58.60.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to analysts' expectations of $849.51 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. On average, equities research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. Greenbrier Companies's payout ratio is currently 20.94%.

Insider Transactions at Greenbrier Companies

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

Analyst Upgrades and Downgrades

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 research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $63.00.

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.