Greenbrier Companies Inc (GBX) Shares Bought by Arizona State Retirement System
Arizona State Retirement System grew its stake in shares of Greenbrier Companies Inc (NYSE:GBX) by 6.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,819 shares of the transportation company’s stock after purchasing an additional 3,122 shares during the period. Arizona State Retirement System owned approximately 0.15% of Greenbrier Companies worth $1,970,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of GBX. Comerica Bank boosted its position in shares of Greenbrier Companies by 3.9% in the 3rd quarter. Comerica Bank now owns 31,701 shares of the transportation company’s stock worth $1,823,000 after buying an additional 1,200 shares in the last quarter. United Services Automobile Association boosted its position in shares of Greenbrier Companies by 5.0% in the 2nd quarter. United Services Automobile Association now owns 19,870 shares of the transportation company’s stock worth $1,048,000 after buying an additional 954 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Greenbrier Companies by 197.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,522 shares of the transportation company’s stock worth $186,000 after buying an additional 2,336 shares in the last quarter. Alpha Windward LLC boosted its position in shares of Greenbrier Companies by 7.7% in the 4th quarter. Alpha Windward LLC now owns 10,020 shares of the transportation company’s stock worth $396,000 after buying an additional 720 shares in the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of Greenbrier Companies in the 4th quarter worth about $1,174,000.
GBX has been the topic of several recent research reports. Mizuho dropped coverage on shares of Greenbrier Companies in a research report on Thursday, January 10th. TheStreet lowered shares of Greenbrier Companies from a “b” rating to a “c+” rating in a research report on Wednesday, January 9th. Bank of America decreased their price objective on shares of Greenbrier Companies from $56.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, January 10th. KeyCorp decreased their price objective on shares of Greenbrier Companies from $68.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, November 29th. Finally, Cowen reiterated a “buy” rating and issued a $65.00 price objective on shares of Greenbrier Companies in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $54.50.
Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. Greenbrier Companies had a net margin of 5.60% and a return on equity of 8.87%. The firm had revenue of $604.50 million during the quarter, compared to the consensus estimate of $559.43 million. During the same quarter in the previous year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts expect that Greenbrier Companies Inc will post 4.3 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Wednesday, January 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, January 29th. Greenbrier Companies’s payout ratio is 24.21%.
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Greenbrier Companies Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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