Shell Asset Management Co. lowered its holdings in The Greenbrier Companies, Inc. (NYSE:GBX – Get Rating) by 20.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,950 shares of the transportation company’s stock after selling 1,289 shares during the quarter. Shell Asset Management Co.’s holdings in Greenbrier Companies were worth $120,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Samalin Investment Counsel LLC acquired a new stake in Greenbrier Companies in the 1st quarter valued at $39,000. Antonetti Capital Management LLC purchased a new position in Greenbrier Companies during the 3rd quarter worth $44,000. Tower Research Capital LLC TRC boosted its holdings in Greenbrier Companies by 160.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,382 shares of the transportation company’s stock worth $82,000 after acquiring an additional 2,082 shares during the last quarter. National Bank of Canada FI boosted its holdings in Greenbrier Companies by 51.5% during the 3rd quarter. National Bank of Canada FI now owns 4,338 shares of the transportation company’s stock worth $105,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Greenbrier Companies by 18.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 6,483 shares of the transportation company’s stock worth $157,000 after acquiring an additional 1,009 shares during the last quarter. Institutional investors and hedge funds own 95.95% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Thursday, January 5th. TheStreet raised shares of Greenbrier Companies from a “c+” rating to a “b-” rating in a report on Friday, November 18th. Bank of America downgraded shares of Greenbrier Companies from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 17th. Finally, Susquehanna downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and boosted their price target for the stock from $30.00 to $37.00 in a report on Monday, November 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.33.
Greenbrier Companies Price Performance
Greenbrier Companies (NYSE:GBX – Get Rating) last issued its quarterly earnings results on Friday, January 6th. The transportation company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.42). Greenbrier Companies had a return on equity of 2.66% and a net margin of 0.61%. The company had revenue of $766.50 million during the quarter, compared to analysts’ expectations of $736.80 million. On average, equities research analysts forecast that The Greenbrier Companies, Inc. will post 2.11 earnings per share for the current year.
Greenbrier Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Thursday, January 26th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Wednesday, January 25th. Greenbrier Companies’s dividend payout ratio is currently 192.86%.
Greenbrier Companies Profile
Greenbrier Cos., Inc engages in the design, manufacture and marketing of railroad freight car equipment. It operates through the following segments: Manufacturing, Maintenance Services, Leasing & Management Services, and Corporate. The Manufacturing segment includes double-stack intermodal railcars, tank cars, and marine vessels.
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