Renaissance Technologies LLC Purchases 56,700 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Renaissance Technologies LLC lifted its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 71.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,000 shares of the transportation company's stock after buying an additional 56,700 shares during the quarter. Renaissance Technologies LLC owned about 0.43% of Greenbrier Companies worth $8,295,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in Greenbrier Companies in the fourth quarter valued at about $14,257,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $9,671,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $6,274,000. Allspring Global Investments Holdings LLC bought a new position in Greenbrier Companies in the fourth quarter valued at approximately $2,527,000. Finally, Trexquant Investment LP raised its position in Greenbrier Companies by 59.2% during the fourth quarter. Trexquant Investment LP now owns 81,305 shares of the transportation company's stock valued at $4,959,000 after purchasing an additional 30,249 shares in the last quarter. Institutional investors own 95.59% of the company's stock.

Insider Transactions 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.78% of the stock is owned by company insiders.

Greenbrier Companies Price Performance

Shares of NYSE GBX traded up $1.04 during midday trading on Wednesday, reaching $43.64. 98,450 shares of the company were exchanged, compared to its average volume of 379,353. The stock's 50-day moving average price is $50.82 and its 200-day moving average price is $58.68. The stock has a market cap of $1.37 billion, a P/E ratio of 7.62, a PEG ratio of 0.80 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The Greenbrier Companies, Inc. has a one year low of $37.77 and a one year high of $71.06.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $762.10 million for the quarter, compared to the consensus estimate of $898.53 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company's revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, sell-side analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd will be given a $0.32 dividend. This is a boost from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio is 20.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Susquehanna decreased their price target on Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating on the stock in a research note on Tuesday, April 8th. Bank of America lifted their target price on Greenbrier Companies from $60.00 to $62.00 and gave the company 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.