VIRGINIA RETIREMENT SYSTEMS ET Al Invests $596,000 in Greenbrier Companies, Inc. (The) $GBX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,900 shares of the transportation company’s stock, valued at approximately $596,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Greenbrier Companies during the second quarter worth $1,982,000. Entropy Technologies LP acquired a new stake in shares of Greenbrier Companies during the 2nd quarter valued at $280,000. Amundi grew its position in Greenbrier Companies by 141.0% during the 1st quarter. Amundi now owns 37,934 shares of the transportation company’s stock worth $1,787,000 after acquiring an additional 22,194 shares during the last quarter. Mengis Capital Management Inc. acquired a new position in Greenbrier Companies in the 2nd quarter worth about $576,000. Finally, Exchange Traded Concepts LLC bought a new position in Greenbrier Companies in the third quarter valued at about $1,183,000. Institutional investors own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Greenbrier Companies Trading Up 1.1%

GBX opened at $47.25 on Monday. Greenbrier Companies, Inc. has a twelve month low of $37.77 and a twelve month high of $71.06. The company has a fifty day moving average of $44.73 and a 200-day moving average of $46.31. The stock has a market cap of $1.47 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 2.05 and a beta of 1.67. The company has a quick ratio of 1.38, a current ratio of 2.43 and a debt-to-equity ratio of 1.03.

Greenbrier Companies (NYSE:GBX) last issued 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 for the quarter. Greenbrier Companies had a net margin of 6.30% and a return on equity of 12.90%. On average, sell-side analysts predict that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Wednesday, November 12th. Greenbrier Companies’s payout ratio is presently 20.32%.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.