Envestnet Asset Management Inc. Raises Holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Envestnet Asset Management Inc. boosted its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 24.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,139 shares of the transportation company’s stock after acquiring an additional 1,623 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Greenbrier Companies were worth $417,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of Greenbrier Companies by 4.5% in the fourth quarter. LPL Financial LLC now owns 12,728 shares of the transportation company’s stock worth $776,000 after acquiring an additional 550 shares during the period. Alliancebernstein L.P. increased its stake in shares of Greenbrier Companies by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 32,993 shares of the transportation company’s stock valued at $2,012,000 after purchasing an additional 196 shares in the last quarter. Legal & General Group Plc raised its holdings in Greenbrier Companies by 3.6% in the 4th quarter. Legal & General Group Plc now owns 93,404 shares of the transportation company’s stock worth $5,697,000 after purchasing an additional 3,269 shares during the period. Renaissance Technologies LLC raised its holdings in Greenbrier Companies by 71.5% in the 4th quarter. Renaissance Technologies LLC now owns 136,000 shares of the transportation company’s stock worth $8,295,000 after purchasing an additional 56,700 shares during the period. Finally, F M Investments LLC purchased a new position in Greenbrier Companies during the fourth quarter worth approximately $35,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GBX has been the subject of a number of recent analyst reports. Susquehanna boosted their price objective on 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 raised shares of Greenbrier Companies from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 5th.

Greenbrier Companies Trading Up 0.1%

Shares of Greenbrier Companies stock opened at $45.18 on Thursday. Greenbrier Companies, Inc. has a twelve month low of $37.77 and a twelve month high of $71.06. The firm’s 50-day moving average price is $47.97 and its 200 day moving average price is $50.75. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.40 billion, a PE ratio of 6.40, a P/E/G ratio of 1.26 and a beta of 1.69.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Tuesday, July 1st. The transportation company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.87. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The business had revenue of $842.70 million during the quarter, compared to analysts’ expectations of $785.72 million. During the same period in the prior year, the business earned $1.06 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Greenbrier Companies, Inc. will post 5.9 EPS 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. Shareholders of record on Thursday, July 17th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, July 17th. Greenbrier Companies’s payout ratio is presently 18.13%.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, Director Wanda F. Felton sold 3,652 shares of Greenbrier Companies 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 completion of the sale, the director directly owned 3,000 shares in the company, valued at $162,930. This trade represents a 54.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas B. Fargo sold 3,727 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total value of $204,873.19. Following the completion of the sale, the director directly owned 2,141 shares in the company, valued at approximately $117,690.77. The trade was a 63.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,379 shares of company stock worth $691,213 in the last ninety days. 1.78% of the stock is owned by insiders.

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.