Greenbrier Companies, Inc. (The) (NYSE:GBX) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,883 shares of the transportation company’s stock after buying an additional 846 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Greenbrier Companies were worth $455,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its holdings in Greenbrier Companies by 892.7% in the 4th quarter. Quarry LP now owns 407 shares of the transportation company’s stock worth $25,000 after buying an additional 366 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Greenbrier Companies by 44.7% in the 1st quarter. Versant Capital Management Inc now owns 690 shares of the transportation company’s stock worth $35,000 after buying an additional 213 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Greenbrier Companies by 812.3% in the 4th quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company’s stock worth $59,000 after buying an additional 861 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Greenbrier Companies in the 4th quarter worth about $65,000. Finally, NBC Securities Inc. boosted its holdings in Greenbrier Companies by 108,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company’s stock worth $55,000 after buying an additional 1,087 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Greenbrier Companies Trading Down 1.4%

GBX opened at $44.54 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82. The company’s 50 day simple moving average is $47.96 and its two-hundred day simple moving average is $50.56. Greenbrier Companies, Inc. has a 1-year low of $37.77 and a 1-year high of $71.06. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 1.26 and a beta of 1.69.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $785.72 million. During the same period last year, the company posted $1.06 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Analysts expect that Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 17th. Greenbrier Companies’s payout ratio is presently 18.13%.

Insider Activity

In other news, Director Thomas B. Fargo sold 3,727 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total transaction of $204,873.19. Following the sale, the director owned 2,141 shares of the company’s stock, valued at approximately $117,690.77. The trade was a 63.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William J. Krueger sold 4,000 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total transaction of $192,000.00. Following the sale, the chief operating officer directly owned 32,714 shares in the company, valued at approximately $1,570,272. The trade was a 10.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,379 shares of company stock valued at $691,213. 1.78% of the stock is currently owned by company insiders.

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.