Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX – Get Rating) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,257 shares of the transportation company’s stock after selling 9,154 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.90% of Greenbrier Companies worth $9,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Samalin Investment Counsel LLC bought a new position in shares of Greenbrier Companies during the 1st quarter valued at $39,000. Tower Research Capital LLC TRC lifted its holdings in shares of Greenbrier Companies by 160.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,382 shares of the transportation company’s stock valued at $82,000 after buying an additional 2,082 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Greenbrier Companies by 6.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,127 shares of the transportation company’s stock valued at $149,000 after buying an additional 350 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Greenbrier Companies by 18.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 6,483 shares of the transportation company’s stock valued at $157,000 after buying an additional 1,009 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of Greenbrier Companies by 25.6% during the 4th quarter. National Bank of Canada FI now owns 5,450 shares of the transportation company’s stock valued at $183,000 after buying an additional 1,112 shares during the period. 95.95% of the stock is owned by institutional investors.
Insider Transactions at Greenbrier Companies
In other news, Director Charles J. Swindells sold 3,017 shares of Greenbrier Companies stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $29.43, for a total value of $88,790.31. Following the sale, the director now directly owns 38,002 shares of the company’s stock, valued at $1,118,398.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.32% of the company’s stock.
Greenbrier Companies Price Performance
Greenbrier Companies (NYSE:GBX – Get Rating) last posted its quarterly earnings results on Monday, April 10th. The transportation company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.49. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Greenbrier Companies had a return on equity of 4.13% and a net margin of 1.09%. The business’s quarterly revenue was up 64.3% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. As a group, analysts forecast that The Greenbrier Companies, Inc. will post 2.36 EPS for the current fiscal year.
Greenbrier Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 16th. Stockholders of record on Tuesday, April 25th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, April 24th. This represents a $1.08 annualized dividend and a dividend yield of 3.91%. Greenbrier Companies’s dividend payout ratio (DPR) is 93.91%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. TheStreet cut Greenbrier Companies from a “b” rating to a “c+” rating in a report on Monday, May 1st. Susquehanna raised their target price on Greenbrier Companies from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, April 13th. Stephens raised their target price on Greenbrier Companies from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, April 11th. StockNews.com assumed coverage on Greenbrier Companies in a report on Thursday. They issued a “hold” rating on the stock. Finally, Bank of America decreased their target price on Greenbrier Companies from $35.00 to $33.00 in a report on Friday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.67.
Greenbrier Companies Profile
Greenbrier Cos., Inc engages in the design, manufacture and marketing of railroad freight car equipment. It operates through the following segments: Manufacturing, Maintenance Services, Leasing & Management Services, and Corporate. The Manufacturing segment includes double-stack intermodal railcars, tank cars, and marine vessels.
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