Greenbrier Companies, Inc. (The) $GBX Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 4.1% during the second quarter, HoldingsChannel.com reports. The fund owned 492,702 shares of the transportation company’s stock after selling 20,824 shares during the quarter. Fisher Asset Management LLC’s holdings in Greenbrier Companies were worth $22,689,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GBX. Edgestream Partners L.P. raised its position in Greenbrier Companies by 256.8% in the second quarter. Edgestream Partners L.P. now owns 91,340 shares of the transportation company’s stock valued at $4,206,000 after purchasing an additional 65,739 shares during the period. De Lisle Partners LLP grew its stake in shares of Greenbrier Companies by 3.4% in the second quarter. De Lisle Partners LLP now owns 125,854 shares of the transportation company’s stock valued at $5,793,000 after buying an additional 4,179 shares in the last quarter. Norges Bank purchased a new stake in shares of Greenbrier Companies during the 2nd quarter valued at about $1,982,000. Quadrature Capital Ltd purchased a new stake in shares of Greenbrier Companies during the 2nd quarter valued at about $274,000. Finally, Hsbc Holdings PLC lifted its position in Greenbrier Companies by 85.3% during the 2nd quarter. Hsbc Holdings PLC now owns 12,002 shares of the transportation company’s stock worth $557,000 after acquiring an additional 5,525 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GBX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Greenbrier Companies in a research report on Wednesday, October 8th. Zacks Research lowered shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Susquehanna dropped their price target on shares of Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating on the stock in a research note on Wednesday, October 29th. The Goldman Sachs Group assumed coverage on shares of Greenbrier Companies in a research report on Friday, November 21st. They issued a “sell” rating and a $38.00 price objective for the company. Finally, Wall Street Zen cut Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Greenbrier Companies presently has a consensus rating of “Reduce” and an average price target of $50.67.

Greenbrier Companies Price Performance

Shares of GBX stock opened at $45.04 on Wednesday. The firm has a fifty day moving average of $44.23 and a two-hundred day moving average of $46.11. The firm has a market cap of $1.40 billion, a P/E ratio of 7.15, a P/E/G ratio of 1.94 and a beta of 1.68. Greenbrier Companies, Inc. has a 1-year low of $37.77 and a 1-year high of $71.06. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.43 and a quick ratio of 1.38.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, May 31st. The transportation company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $766.50 million for the quarter. Greenbrier Companies had a net margin of 6.30% and a return on equity of 12.90%. As a group, research analysts anticipate that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be given a $0.32 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 20.32%.

Greenbrier Companies Company Profile

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.