Gabelli Funds LLC cut its stake in Greenbrier Companies Inc (NYSE:GBX) by 3.0% during the first quarter, Holdings Channel reports. The institutional investor owned 160,000 shares of the transportation company’s stock after selling 5,000 shares during the period. Gabelli Funds LLC’s holdings in Greenbrier Companies were worth $6,896,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GBX. State of Alaska Department of Revenue boosted its position in shares of Greenbrier Companies by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 3,130 shares of the transportation company’s stock valued at $134,000 after buying an additional 80 shares in the last quarter. Bragg Financial Advisors Inc boosted its position in shares of Greenbrier Companies by 0.4% in the third quarter. Bragg Financial Advisors Inc now owns 39,138 shares of the transportation company’s stock valued at $1,382,000 after buying an additional 160 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Greenbrier Companies by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the transportation company’s stock valued at $500,000 after buying an additional 200 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its position in shares of Greenbrier Companies by 0.5% in the third quarter. Westbourne Investment Advisors Inc. now owns 40,440 shares of the transportation company’s stock valued at $1,428,000 after buying an additional 210 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its position in shares of Greenbrier Companies by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 124,133 shares of the transportation company’s stock valued at $4,382,000 after buying an additional 400 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Greenbrier Companies (NYSE:GBX)

Shares of Greenbrier Companies Inc (NYSE:GBX) traded up 2.99% on Friday, reaching $44.75. 273,869 shares of the company were exchanged. The stock has a market capitalization of $1.27 billion, a P/E ratio of 11.04 and a beta of 2.13. The stock has a 50 day moving average price of $44.46 and a 200-day moving average price of $42.39. Greenbrier Companies Inc has a 12 month low of $25.90 and a 12 month high of $49.50.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, April 5th. The transportation company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.25. Greenbrier Companies had a net margin of 5.71% and a return on equity of 13.98%. The business had revenue of $566.30 million for the quarter, compared to analyst estimates of $522.48 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, equities analysts expect that Greenbrier Companies Inc will post $3.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 9th. Investors of record on Tuesday, April 18th were given a dividend of $0.22 per share. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 13th. This represents a $0.88 annualized dividend and a yield of 2.03%. Greenbrier Companies’s dividend payout ratio is 19.18%.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Monday, April 10th. KeyCorp lifted their target price on shares of Greenbrier Companies from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, April 7th. Cowen and Company lifted their target price on shares of Greenbrier Companies from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, April 7th. Bank of America Corp raised shares of Greenbrier Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $59.00 in a research report on Thursday, April 6th. Finally, CLSA downgraded shares of Greenbrier Companies from an “underperform” rating to a “sell” rating in a research report on Thursday, January 19th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.65.

In related news, EVP Mark J. Rittenbaum sold 3,150 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $47.60, for a total transaction of $149,940.00. Following the transaction, the executive vice president now owns 63,899 shares in the company, valued at approximately $3,041,592.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alejandro Centurion sold 8,000 shares of the company’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $48.10, for a total transaction of $384,800.00. Following the transaction, the executive vice president now owns 17,002 shares in the company, valued at approximately $817,796.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 511,684 shares of company stock worth $22,508,499. 4.60% of the stock is owned by corporate insiders.

About Greenbrier Companies

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

5 Day Chart for NYSE:GBX

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