VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.09 Million in Greenbrier Companies, Inc. (The) $GBX

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) in the second quarter, Holdings Channel reports. The firm purchased 22,200 shares of the transportation company’s stock, valued at approximately $1,088,000.

A number of other hedge funds have also bought and sold shares of GBX. Gen Wealth Partners Inc purchased a new position in Greenbrier Companies in the fourth quarter worth $38,000. Meeder Asset Management Inc. bought a new position in Greenbrier Companies in the 2nd quarter valued at $50,000. Quarry LP increased 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 purchasing an additional 1,104 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Greenbrier Companies during the 2nd quarter valued at $62,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 worth $140,000 after purchasing an additional 2,245 shares during the period. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Price Performance

Shares of GBX stock opened at $42.97 on Friday. The company’s fifty day simple moving average is $46.97 and its two-hundred day simple moving average is $49.29. Greenbrier Companies, Inc. has a 1 year low of $38.23 and a 1 year high of $59.19. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.75 and a beta of 1.42.

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

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Investors 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 dividend on an annualized basis and a yield of 3.2%. Greenbrier Companies’s dividend payout ratio is 40.36%.

Wall Street Analyst Weigh In

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

Greenbrier Companies Profile

The Greenbrier Companies, Inc is a global manufacturer and provider of transportation equipment and services, specializing in freight railcars. The company designs and builds a broad range of railcars, including covered hopper cars, tank cars, boxcars, gondolas, intermodal platforms and automotive carriers.

Greenbrier also provides railcar leasing, fleet management and maintenance services. Its offerings include railcar refurbishment, repair, parts and logistics solutions designed to support railroads, shippers, leasing companies and other participants in the freight transportation industry.

Founded in 1974, Greenbrier serves customers primarily in North America, as well as selected international markets, including Europe and Brazil.