Greenbrier Companies, Inc. (The) $GBX Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its position in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 65.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 872,748 shares of the transportation company’s stock after buying an additional 346,039 shares during the period. First Trust Advisors LP’s holdings in Greenbrier Companies were worth $40,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBX. Fox Run Management L.L.C. boosted its position in Greenbrier Companies by 2.1% during the first quarter. Fox Run Management L.L.C. now owns 16,271 shares of the transportation company’s stock worth $833,000 after purchasing an additional 327 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Greenbrier Companies by 7.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,059 shares of the transportation company’s stock worth $371,000 after buying an additional 555 shares during the last quarter. US Bancorp DE boosted its position in shares of Greenbrier Companies by 111.1% in the 1st quarter. US Bancorp DE now owns 1,121 shares of the transportation company’s stock worth $57,000 after buying an additional 590 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of Greenbrier Companies by 5.9% in the 2nd quarter. Moors & Cabot Inc. now owns 12,650 shares of the transportation company’s stock worth $583,000 after buying an additional 700 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its stake in Greenbrier Companies by 5.4% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 14,700 shares of the transportation company’s stock valued at $677,000 after acquiring an additional 750 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GBX. Zacks Research cut shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Wall Street Zen cut shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group started coverage on Greenbrier Companies in a research note on Friday, November 21st. They issued a “sell” rating and a $38.00 target price on the stock. Susquehanna lowered their target price on Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating on the stock in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Greenbrier Companies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Greenbrier Companies has an average rating of “Reduce” and a consensus target price of $50.67.

Greenbrier Companies Stock Performance

Shares of GBX stock opened at $45.46 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.38 and a current ratio of 2.43. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.99 and a beta of 1.68. Greenbrier Companies, Inc. has a one year low of $37.77 and a one year high of $71.06. The company has a 50 day moving average price of $44.26 and a 200 day moving average price of $46.13.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, May 31st. The transportation company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $766.50 million during the quarter. Greenbrier Companies had a net margin of 6.30% and a return on equity of 12.90%. Sell-side analysts anticipate that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.28 annualized dividend and a yield of 2.8%. Greenbrier Companies’s dividend payout ratio is currently 20.32%.

Greenbrier Companies 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.