Gabelli Funds LLC Sells 3,500 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Gabelli Funds LLC lowered its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,500 shares of the transportation company’s stock after selling 3,500 shares during the quarter. Gabelli Funds LLC owned approximately 0.27% of Greenbrier Companies worth $5,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management increased its holdings in Greenbrier Companies by 94.3% during the fourth quarter. LSV Asset Management now owns 545,185 shares of the transportation company’s stock valued at $33,251,000 after buying an additional 264,552 shares during the last quarter. Norges Bank purchased a new stake in shares of Greenbrier Companies in the 4th quarter worth $14,257,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Greenbrier Companies in the 4th quarter worth $9,671,000. Beacon Harbor Wealth Advisors Inc. bought a new position in Greenbrier Companies in the 4th quarter worth $6,274,000. Finally, Renaissance Technologies LLC lifted its position in Greenbrier Companies by 71.5% during the fourth quarter. Renaissance Technologies LLC now owns 136,000 shares of the transportation company’s stock valued at $8,295,000 after purchasing an additional 56,700 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Susquehanna reduced their price target on Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating for the company in a research report on Tuesday, April 8th. Bank of America raised their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research note on Thursday, January 9th.

Greenbrier Companies Price Performance

NYSE:GBX opened at $42.86 on Friday. The business’s 50-day simple moving average is $52.01 and its two-hundred day simple moving average is $58.75. The Greenbrier Companies, Inc. has a 52 week low of $37.77 and a 52 week high of $71.06. The stock has a market cap of $1.35 billion, a PE ratio of 7.48, a P/E/G ratio of 0.80 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The business had revenue of $762.10 million for the quarter, compared to the consensus estimate of $898.53 million. During the same period last year, the business posted $1.03 EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.32 per share. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, April 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.99%. Greenbrier Companies’s dividend payout ratio is currently 20.45%.

Insider Activity at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the completion of the transaction, the chief operating officer now owns 42,714 shares in the company, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.78% of the stock is currently owned by corporate insiders.

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 covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.