Louisiana State Employees Retirement System Takes Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Louisiana State Employees Retirement System acquired a new stake in The Greenbrier Companies, Inc. (NYSE:GBX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,600 shares of the transportation company’s stock, valued at approximately $689,000. Louisiana State Employees Retirement System owned approximately 0.05% of Greenbrier Companies at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sheets Smith Wealth Management boosted its holdings in Greenbrier Companies by 3.0% in the third quarter. Sheets Smith Wealth Management now owns 10,886 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 313 shares during the period. Gladius Capital Management LP purchased a new position in Greenbrier Companies in the third quarter valued at $31,000. BluePath Capital Management LLC purchased a new position in Greenbrier Companies in the third quarter valued at $32,000. Truvestments Capital LLC boosted its holdings in Greenbrier Companies by 16.7% in the third quarter. Truvestments Capital LLC now owns 7,758 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 1,113 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Greenbrier Companies in the third quarter valued at $45,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GBX. TheStreet upgraded Greenbrier Companies from a “c+” rating to a “b” rating in a report on Friday, January 5th. Susquehanna lifted their price target on Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Stephens lifted their price target on Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, TD Cowen lifted their price target on Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $54.00.

Insider Activity

In related news, SVP William Glenn sold 5,800 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $51.87, for a total value of $300,846.00. Following the transaction, the senior vice president now owns 33,211 shares in the company, valued at approximately $1,722,654.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Wanda F. Felton sold 4,185 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $46.65, for a total value of $195,230.25. Following the transaction, the director now owns 7,365 shares in the company, valued at approximately $343,577.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William Glenn sold 5,800 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $51.87, for a total value of $300,846.00. Following the completion of the transaction, the senior vice president now owns 33,211 shares in the company, valued at approximately $1,722,654.57. The disclosure for this sale can be found here. In the last three months, insiders sold 32,907 shares of company stock valued at $1,697,468. Insiders own 2.54% of the company’s stock.

Greenbrier Companies Stock Down 1.4 %

Shares of NYSE GBX opened at $52.54 on Friday. The Greenbrier Companies, Inc. has a 1 year low of $25.41 and a 1 year high of $58.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.84 and a beta of 1.66. The business has a 50-day moving average of $51.06 and a two-hundred day moving average of $45.06.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.28. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. The business had revenue of $862.70 million during the quarter, compared to the consensus estimate of $841.58 million. During the same period in the previous year, the business earned $0.99 EPS. The business’s quarterly revenue was down 23.1% on a year-over-year basis. On average, analysts forecast that The Greenbrier Companies, Inc. will post 4.13 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, April 22nd. Greenbrier Companies’s payout ratio is currently 35.29%.

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.