Bank of New York Mellon Corp Lowers Position in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Bank of New York Mellon Corp lessened its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,364 shares of the transportation company’s stock after selling 10,881 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.97% of Greenbrier Companies worth $15,590,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GBX. Swiss National Bank lifted its holdings in shares of Greenbrier Companies by 0.7% in the fourth quarter. Swiss National Bank now owns 61,200 shares of the transportation company’s stock worth $3,733,000 after buying an additional 400 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Greenbrier Companies by 5.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,522 shares of the transportation company’s stock valued at $886,000 after purchasing an additional 749 shares in the last quarter. Intech Investment Management LLC raised its stake in Greenbrier Companies by 83.4% during the fourth quarter. Intech Investment Management LLC now owns 27,171 shares of the transportation company’s stock valued at $1,657,000 after purchasing an additional 12,352 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Greenbrier Companies during the fourth quarter valued at $409,000. Finally, Fox Run Management L.L.C. purchased a new stake in Greenbrier Companies during the fourth quarter valued at $972,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, Director Wanda F. Felton sold 3,652 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $54.31, for a total transaction of $198,340.12. Following the sale, the director directly owned 3,000 shares in the company, valued at $162,930. This represents a 54.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Krueger sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $48.00, for a total transaction of $192,000.00. Following the sale, the chief operating officer owned 32,714 shares in the company, valued at $1,570,272. The trade was a 10.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,379 shares of company stock valued at $691,213. 1.78% of the stock is owned by company insiders.

Greenbrier Companies Stock Down 2.8%

NYSE:GBX opened at $48.64 on Friday. 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 $1.50 billion, a P/E ratio of 6.89, a P/E/G ratio of 1.36 and a beta of 1.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 1.48. The company’s 50-day simple moving average is $47.87 and its 200-day simple moving average is $52.14.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Tuesday, July 1st. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $0.99 by $0.87. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The firm had revenue of $842.70 million during the quarter, compared to analyst estimates of $785.72 million. During the same period last year, the firm posted $1.06 EPS. Greenbrier Companies’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Greenbrier Companies, Inc. will post 5.9 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 Thursday, August 7th. Stockholders of record on Thursday, July 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, July 17th. Greenbrier Companies’s dividend payout ratio (DPR) is 18.13%.

Greenbrier Companies 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.