Maryland State Retirement & Pension System trimmed its position in The Greenbrier Companies, Inc. (NYSE:GBX – Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,437 shares of the transportation company’s stock after selling 765 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Greenbrier Companies were worth $536,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in GBX. American Century Companies Inc. increased its stake in shares of Greenbrier Companies by 2,527.3% in the first quarter. American Century Companies Inc. now owns 457,623 shares of the transportation company’s stock worth $14,697,000 after buying an additional 440,205 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Greenbrier Companies during the 1st quarter valued at $13,143,000. First Trust Advisors LP purchased a new position in Greenbrier Companies during the 1st quarter valued at $11,405,000. Norges Bank purchased a new position in Greenbrier Companies during the 4th quarter valued at $9,114,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Greenbrier Companies by 31.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,032,460 shares of the transportation company’s stock valued at $33,214,000 after purchasing an additional 249,720 shares during the period. 90.50% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Greenbrier Companies from $40.00 to $42.00 and gave the company an “underperform” rating in a research report on Friday, September 22nd. Wells Fargo & Company downgraded shares of Greenbrier Companies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $40.00 in a research report on Thursday, September 7th. Finally, StockNews.com assumed coverage on shares of Greenbrier Companies in a research report on Thursday, August 17th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.25.
Insider Buying and Selling
In related news, Director Charles J. Swindells sold 1,470 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,653,099.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Laurie R. Dornan sold 3,250 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $46.29, for a total value of $150,442.50. Following the transaction, the senior vice president now owns 22,331 shares in the company, valued at approximately $1,033,701.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles J. Swindells sold 1,470 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $45.20, for a total transaction of $66,444.00. Following the completion of the transaction, the director now owns 36,573 shares in the company, valued at approximately $1,653,099.60. The disclosure for this sale can be found here. 2.32% of the stock is currently owned by company insiders.
Greenbrier Companies Stock Performance
Shares of GBX stock opened at $40.58 on Thursday. The Greenbrier Companies, Inc. has a 12 month low of $23.80 and a 12 month high of $48.21. The stock has a market cap of $1.25 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average price is $42.93 and its 200-day moving average price is $35.52.
Greenbrier Companies (NYSE:GBX – Get Free Report) last announced its earnings results on Thursday, June 29th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.42. Greenbrier Companies had a net margin of 1.49% and a return on equity of 6.36%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $904.17 million. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities analysts expect that The Greenbrier Companies, Inc. will post 3.05 EPS for the current fiscal year.
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 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.
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