Zacks Investment Management Buys Shares of 28,791 The Greenbrier Companies, Inc. (NYSE:GBX)

Zacks Investment Management purchased a new stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 28,791 shares of the transportation company's stock, valued at approximately $1,756,000. Zacks Investment Management owned about 0.09% of Greenbrier Companies as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. EAM Investors LLC acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at $3,504,000. XTX Topco Ltd grew its holdings in Greenbrier Companies by 43.2% in the fourth quarter. XTX Topco Ltd now owns 8,317 shares of the transportation company's stock valued at $507,000 after purchasing an additional 2,509 shares during the period. Sterling Capital Management LLC increased its holdings in Greenbrier Companies by 812.3% in the 4th quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company's stock worth $59,000 after acquiring an additional 861 shares in the last quarter. LSV Asset Management lifted its stake in Greenbrier Companies by 94.3% in the 4th quarter. LSV Asset Management now owns 545,185 shares of the transportation company's stock valued at $33,251,000 after buying an additional 264,552 shares in the last quarter. Finally, F M Investments LLC acquired a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 95.59% of the company's stock.

Greenbrier Companies Trading Up 1.5 %

Greenbrier Companies stock traded up $0.65 during midday trading on Thursday, hitting $42.71. 137,798 shares of the stock were exchanged, compared to its average volume of 535,132. 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 stock's 50-day simple moving average is $50.48 and its 200 day simple moving average is $58.56. The Greenbrier Companies, Inc. has a fifty-two week low of $37.77 and a fifty-two week high of $71.06. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.80 and a beta of 1.56.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.09). The firm had revenue of $762.10 million for the quarter, compared to analysts' expectations of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm's quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. On average, equities analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be issued a $0.32 dividend. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies's payout ratio is 20.45%.

Insider Buying and Selling at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GBX. Bank of America upped their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an "underperform" rating in a report on Thursday, January 9th. Susquehanna decreased their target price on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating on the stock in a research note on Tuesday, April 8th.

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.