Fisher Asset Management LLC Cuts Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Fisher Asset Management LLC lowered its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 21.5% during the 4th quarter, Holdings Channel reports. The firm owned 487,323 shares of the transportation company’s stock after selling 133,382 shares during the quarter. Fisher Asset Management LLC’s holdings in Greenbrier Companies were worth $21,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in shares of Greenbrier Companies during the third quarter valued at approximately $345,000. BluePath Capital Management LLC purchased a new stake in shares of Greenbrier Companies in the 3rd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Greenbrier Companies by 9.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 529,256 shares of the transportation company’s stock worth $21,170,000 after purchasing an additional 44,876 shares during the last quarter. Advisor Partners II LLC lifted its holdings in shares of Greenbrier Companies by 76.6% in the 3rd quarter. Advisor Partners II LLC now owns 14,184 shares of the transportation company’s stock valued at $567,000 after buying an additional 6,152 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Greenbrier Companies in the third quarter valued at approximately $45,000. Institutional investors own 95.59% of the company’s stock.

Insider Activity at Greenbrier Companies

In other news, SVP Christian Lucky sold 1,454 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $52.94, for a total value of $76,974.76. Following the transaction, the senior vice president now directly owns 7,841 shares in the company, valued at approximately $415,102.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Christian Lucky sold 1,454 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $52.94, for a total transaction of $76,974.76. Following the sale, the senior vice president now owns 7,841 shares of the company’s stock, valued at $415,102.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wanda F. Felton sold 4,185 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total value of $195,230.25. Following the completion of the sale, the director now owns 7,365 shares in the company, valued at $343,577.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,361 shares of company stock worth $2,299,243. Company insiders own 2.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GBX shares. Stephens boosted their price objective on Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. TD Cowen lifted their target price on shares of Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Susquehanna upped their price target on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.00.

Greenbrier Companies Trading Up 2.1 %

Shares of GBX opened at $52.23 on Monday. The Greenbrier Companies, Inc. has a 12-month low of $25.41 and a 12-month high of $58.00. The firm has a market capitalization of $1.63 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.81 and a beta of 1.65. The firm has a 50-day moving average price of $51.24 and a 200 day moving average price of $45.42. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98.

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. The company had revenue of $862.70 million for the quarter, compared to analyst estimates of $841.58 million. Greenbrier Companies had a net margin of 2.97% and a return on equity of 9.05%. Greenbrier Companies’s revenue was down 23.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. Sell-side analysts forecast that The Greenbrier Companies, Inc. will post 4.13 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, April 22nd. Greenbrier Companies’s payout ratio is 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.