The Greenbrier Companies, Inc. (NYSE:GBX) Position Reduced by Swiss National Bank

Posted by Defense World Staff on Sep 6th, 2023

Swiss National Bank trimmed its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX – Free Report) by 10.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,800 shares of the transportation company’s stock after selling 7,900 shares during the period. Swiss National Bank owned about 0.22% of Greenbrier Companies worth $2,278,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in shares of Greenbrier Companies by 19.4% during the fourth quarter. Franklin Resources Inc. now owns 2,334,030 shares of the transportation company’s stock worth $78,260,000 after purchasing an additional 380,048 shares during the period. Norges Bank bought a new stake in shares of Greenbrier Companies in the 4th quarter worth approximately $9,114,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Greenbrier Companies by 50.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,674 shares of the transportation company’s stock valued at $14,337,000 after buying an additional 149,417 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Greenbrier Companies by 37.5% in the 1st quarter. Invesco Ltd. now owns 326,766 shares of the transportation company’s stock valued at $16,832,000 after purchasing an additional 89,097 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Greenbrier Companies in the 4th quarter valued at $1,971,000. 90.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Greenbrier Companies

In other news, Director Charles J. Swindells sold 1,470 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $45.20, for a total value of $66,444.00. Following the transaction, the director now owns 36,573 shares of the company’s stock, valued at $1,653,099.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Charles J. Swindells sold 1,470 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $45.20, for a total transaction of $66,444.00. Following the transaction, the director now owns 36,573 shares of the company’s stock, valued at approximately $1,653,099.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Laurie R. Dornan sold 3,250 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $46.29, for a total transaction of $150,442.50. Following the transaction, the senior vice president now directly owns 22,331 shares in the company, valued at approximately $1,033,701.99. The disclosure for this sale can be found here. Insiders own 2.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GBX shares. Wells Fargo & Company upped their price target on Greenbrier Companies from $37.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. StockNews.com started coverage on shares of Greenbrier Companies in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Greenbrier Companies presently has an average rating of “Hold” and an average target price of $38.00.

Check Out Our Latest Analysis on Greenbrier Companies

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $42.03 on Wednesday. The Greenbrier Companies, Inc. has a fifty-two week low of $23.80 and a fifty-two week high of $48.21. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.75 and a beta of 1.67. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.89 and a current ratio of 1.75. The firm’s 50-day simple moving average is $43.83 and its 200 day simple moving average is $34.58.

Greenbrier Companies (NYSE:GBX – Get Free Report) last issued its quarterly earnings results on Thursday, June 29th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.42. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $904.17 million. Greenbrier Companies had a return on equity of 6.36% and a net margin of 1.49%. Greenbrier Companies’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. As a group, research analysts anticipate that The Greenbrier Companies, Inc. will post 3.04 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Tuesday, July 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, July 17th. Greenbrier Companies’s dividend payout ratio is presently 70.59%.

About Greenbrier Companies

(Free Report)

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 conventional railcars, such as covered hopper cars, boxcars, and center partition cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, intermodal cars, hoppers and automobile transporter cars; and marine vessels.