Greenbrier Companies, Inc. (The) $GBX Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 65.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 872,748 shares of the transportation company’s stock after buying an additional 346,039 shares during the quarter. First Trust Advisors LP owned approximately 2.83% of Greenbrier Companies worth $40,190,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GBX. Entropy Technologies LP acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at $280,000. Amundi lifted its position in Greenbrier Companies by 141.0% in the first quarter. Amundi now owns 37,934 shares of the transportation company’s stock valued at $1,787,000 after acquiring an additional 22,194 shares during the last quarter. Mengis Capital Management Inc. purchased a new stake in Greenbrier Companies in the second quarter valued at $576,000. Summit Global Investments acquired a new position in Greenbrier Companies in the second quarter valued at $489,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Greenbrier Companies by 66.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 18,010 shares of the transportation company’s stock worth $922,000 after purchasing an additional 7,168 shares during the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 1st. The Goldman Sachs Group assumed coverage on Greenbrier Companies in a research note on Friday, November 21st. They issued a “sell” rating and a $38.00 price objective for the company. Susquehanna cut their target price on shares of Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Greenbrier Companies in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Greenbrier Companies has an average rating of “Reduce” and an average target price of $50.67.

Greenbrier Companies Price Performance

Shares of GBX opened at $45.46 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.38 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $44.26 and its two-hundred day moving average is $46.13. Greenbrier Companies, Inc. has a twelve month low of $37.77 and a twelve month high of $71.06. The firm has a market capitalization of $1.42 billion, a PE ratio of 7.22, a P/E/G ratio of 1.99 and a beta of 1.68.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, May 31st. The transportation company reported $0.05 EPS for the quarter. The business had revenue of $766.50 million during the quarter. Greenbrier Companies had a return on equity of 12.90% and a net margin of 6.30%. Research analysts anticipate that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, November 12th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 20.32%.

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.