Fifth Third Bancorp Has $921,000 Holdings in Greenbrier Companies, Inc. (The) $GBX

Fifth Third Bancorp increased its position in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 4,026.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,496 shares of the transportation company’s stock after acquiring an additional 17,072 shares during the quarter. Fifth Third Bancorp owned about 0.06% of Greenbrier Companies worth $921,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GBX. Hsbc Holdings PLC increased its stake in shares of Greenbrier Companies by 6.9% in the first quarter. Hsbc Holdings PLC now owns 21,437 shares of the transportation company’s stock worth $1,140,000 after purchasing an additional 1,379 shares during the period. Austin Asset Management Co Inc boosted its stake in Greenbrier Companies by 27.1% during the 1st quarter. Austin Asset Management Co Inc now owns 27,196 shares of the transportation company’s stock valued at $1,432,000 after purchasing an additional 5,793 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in Greenbrier Companies in the 1st quarter valued at approximately $20,312,000. Pictet Asset Management Holding SA acquired a new stake in Greenbrier Companies in the 1st quarter valued at approximately $261,000. Finally, Louisiana State Employees Retirement System bought a new position in Greenbrier Companies in the 1st quarter worth approximately $721,000. 95.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GBX. Susquehanna lowered Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Thursday, July 2nd. Wall Street Zen lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings cut shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Greenbrier Companies has an average rating of “Reduce” and a consensus target price of $45.00.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock opened at $52.16 on Monday. The firm’s 50-day simple moving average is $48.50 and its 200-day simple moving average is $50.80. Greenbrier Companies, Inc. has a twelve month low of $38.23 and a twelve month high of $59.19. The firm has a market cap of $1.61 billion, a P/E ratio of 15.48 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $576.50 million during the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The company’s quarterly revenue was down 31.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 earnings per share. On average, equities analysts forecast that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 16th. Greenbrier Companies’s dividend payout ratio (DPR) is 40.36%.

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.