The Manufacturers Life Insurance Company Invests $586,000 in Greenbrier Companies, Inc. (The) $GBX

The Manufacturers Life Insurance Company purchased a new position in Greenbrier Companies, Inc. (The) (NYSE:GBX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,954 shares of the transportation company’s stock, valued at approximately $586,000.

A number of other hedge funds have also recently bought and sold shares of the business. Gen Wealth Partners Inc acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Greenbrier Companies in the second quarter worth $50,000. Quarry LP raised its holdings in Greenbrier Companies by 6,900.0% in the third 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in Greenbrier Companies by 282.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 2,245 shares during the last quarter. Finally, State of Wyoming acquired a new position in Greenbrier Companies during the 2nd quarter worth $144,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GBX shares. Wall Street Zen raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings cut shares of Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Thursday, July 2nd. Finally, Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Greenbrier Companies has a consensus rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies Price Performance

GBX stock opened at $43.19 on Monday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 12.82 and a beta of 1.42. Greenbrier Companies, Inc. has a 1-year low of $38.23 and a 1-year high of $59.19. The firm has a fifty day moving average price of $47.51 and a two-hundred day moving average price of $49.76.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The company had revenue of $576.50 million for the quarter, compared to the consensus estimate of $612.69 million. During the same period last year, the firm posted $1.86 EPS. The company’s revenue for the quarter was down 31.6% on a year-over-year basis. As a group, analysts expect that Greenbrier Companies, Inc. will post 3.1 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.1%. Greenbrier Companies’s payout ratio is 40.36%.

Greenbrier Companies Company Profile

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.