Price T Rowe Associates Inc. MD Grows Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

Price T Rowe Associates Inc. MD grew its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,844 shares of the transportation company’s stock after purchasing an additional 2,008 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Greenbrier Companies were worth $1,150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GBX. LSV Asset Management raised its position in shares of Greenbrier Companies by 94.3% in the 4th quarter. LSV Asset Management now owns 545,185 shares of the transportation company’s stock valued at $33,251,000 after purchasing an additional 264,552 shares during the last quarter. Norges Bank purchased a new position in shares of Greenbrier Companies in the fourth quarter worth $14,257,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Greenbrier Companies during the fourth quarter worth $9,671,000. Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Greenbrier Companies during the fourth quarter valued at $6,274,000. Finally, EAM Investors LLC acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at $3,504,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Analyst Ratings Changes

Separately, Susquehanna dropped their price target on Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating on the stock in a research note on Tuesday, April 8th.

Greenbrier Companies Trading Down 0.6 %

Shares of Greenbrier Companies stock opened at $44.42 on Friday. The 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 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The stock has a market cap of $1.39 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The firm has a fifty day moving average price of $47.45 and a 200 day moving average price of $57.89.

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

Greenbrier Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.88%. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies’s dividend payout ratio (DPR) is presently 20.45%.

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.