Greenbrier Companies, Inc. (The) (NYSE:GBX – Get Free Report) announced a quarterly dividend on Thursday, January 8th. Stockholders of record on Tuesday, January 27th will be given a dividend of 0.32 per share by the transportation company on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 27th.
Greenbrier Companies has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Greenbrier Companies has a dividend payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Greenbrier Companies to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.5%.
Greenbrier Companies Price Performance
Shares of GBX opened at $53.43 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.43 and a quick ratio of 1.38. The company’s fifty day moving average price is $45.25 and its 200-day moving average price is $46.42. Greenbrier Companies has a 1-year low of $37.77 and a 1-year high of $71.06. The firm has a market capitalization of $1.67 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 2.20 and a beta of 1.67.
Institutional Trading of Greenbrier Companies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evelyn Partners Asset Management Ltd acquired a new position in shares of Greenbrier Companies in the second quarter worth about $47,000. Quarry LP grew its position in shares of Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 1,104 shares during the period. State of Wyoming purchased a new position in shares of Greenbrier Companies in the 3rd quarter valued at about $58,000. Tower Research Capital LLC TRC raised its holdings in Greenbrier Companies by 282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock worth $140,000 after purchasing an additional 2,245 shares during the period. Finally, EMC Capital Management purchased a new position in Greenbrier Companies during the second quarter worth approximately $150,000. Institutional investors and hedge funds own 95.59% of the company’s stock.
About Greenbrier Companies
The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.
Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.
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