New York State Teachers Retirement System Purchases 2,960 Shares of Greenbrier Companies, Inc. (The) (NYSE:GBX)

New York State Teachers Retirement System lifted its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 27.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,848 shares of the transportation company’s stock after purchasing an additional 2,960 shares during the quarter. New York State Teachers Retirement System’s holdings in Greenbrier Companies were worth $709,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Alliancebernstein L.P. boosted its holdings in Greenbrier Companies by 0.6% during the fourth quarter. Alliancebernstein L.P. now owns 32,993 shares of the transportation company’s stock worth $2,012,000 after purchasing an additional 196 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Greenbrier Companies by 44.7% in the first quarter. Versant Capital Management Inc now owns 690 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 213 shares during the last quarter. Quarry LP raised its holdings in Greenbrier Companies by 892.7% during the fourth quarter. Quarry LP now owns 407 shares of the transportation company’s stock worth $25,000 after acquiring an additional 366 shares in the last quarter. Swiss National Bank boosted its position in Greenbrier Companies by 0.7% during the fourth quarter. Swiss National Bank now owns 61,200 shares of the transportation company’s stock valued at $3,733,000 after purchasing an additional 400 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Greenbrier Companies by 9.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,516 shares of the transportation company’s stock valued at $397,000 after purchasing an additional 548 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Up 0.3%

Shares of NYSE:GBX opened at $55.42 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of 7.85, a P/E/G ratio of 1.55 and a beta of 1.71. The business has a fifty day simple moving average of $47.02 and a 200 day simple moving average of $52.67. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Tuesday, July 1st. The transportation company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.87. The company had revenue of $842.70 million for the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. Analysts predict that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, July 17th. Greenbrier Companies’s payout ratio is currently 18.13%.

Insider Activity at Greenbrier Companies

In other news, Director Thomas B. Fargo sold 3,727 shares of Greenbrier Companies stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $54.97, for a total transaction of $204,873.19. Following the sale, the director directly owned 2,141 shares in the company, valued at $117,690.77. The trade was a 63.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO William J. Krueger sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total value of $192,000.00. Following the transaction, the chief operating officer directly owned 32,714 shares in the company, valued at $1,570,272. This represents a 10.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,727 shares of company stock valued at $492,873. 1.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Susquehanna boosted their price target on Greenbrier Companies from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of Greenbrier Companies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 5th.

About Greenbrier Companies

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.