Allianz Asset Management GmbH lowered its holdings in Greenbrier Companies Inc (NYSE:GBX) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,830 shares of the transportation company’s stock after selling 55,004 shares during the quarter. Allianz Asset Management GmbH owned 0.65% of Greenbrier Companies worth $9,905,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management increased its stake in Greenbrier Companies by 33.9% in the fourth quarter. LSV Asset Management now owns 581,427 shares of the transportation company’s stock valued at $30,990,000 after acquiring an additional 147,300 shares during the period. JPMorgan Chase & Co. grew its stake in Greenbrier Companies by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 291,016 shares of the transportation company’s stock worth $14,086,000 after buying an additional 3,459 shares during the last quarter. Kalos Management Inc. grew its stake in Greenbrier Companies by 5.5% during the third quarter. Kalos Management Inc. now owns 50,727 shares of the transportation company’s stock worth $2,442,000 after buying an additional 2,639 shares during the last quarter. James Investment Research Inc. grew its stake in Greenbrier Companies by 121.5% during the fourth quarter. James Investment Research Inc. now owns 79,933 shares of the transportation company’s stock worth $4,260,000 after buying an additional 43,853 shares during the last quarter. Finally, Orca Investment Management LLC bought a new stake in Greenbrier Companies during the fourth quarter worth about $1,599,000.
In other news, EVP Alejandro Centurion sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the executive vice president now directly owns 13,523 shares of the company’s stock, valued at $703,196. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.46% of the stock is owned by corporate insiders.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The business had revenue of $559.50 million for the quarter, compared to analysts’ expectations of $591.05 million. During the same period in the prior year, the firm earned $0.79 earnings per share. Greenbrier Companies’s revenue was up 1.3% compared to the same quarter last year. sell-side analysts predict that Greenbrier Companies Inc will post 4.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, January 26th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.78%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 24.93%.
Several analysts have weighed in on GBX shares. ValuEngine raised shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Seaport Global Securities started coverage on shares of Greenbrier Companies in a research note on Thursday, January 4th. They set a “buy” rating and a $65.00 price objective on the stock. Stifel Nicolaus set a $55.00 price objective on shares of Greenbrier Companies and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $58.00.
WARNING: This article was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/03/13/allianz-asset-management-gmbh-has-9-91-million-position-in-greenbrier-companies-inc-gbx.html.
About Greenbrier Companies
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
Want to see what other hedge funds are holding GBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenbrier Companies Inc (NYSE:GBX).
Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.