Fifth Third Bancorp Has $921,000 Stock Position in Greenbrier Companies, Inc. (The) $GBX

Fifth Third Bancorp raised its position in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 4,026.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,496 shares of the transportation company’s stock after buying an additional 17,072 shares during the period. Fifth Third Bancorp’s holdings in Greenbrier Companies were worth $921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GBX. Gen Wealth Partners Inc bought a new position in shares of Greenbrier Companies in the fourth quarter valued at approximately $38,000. Quarry LP grew its position in Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after acquiring an additional 1,104 shares during the last quarter. Danske Bank A S bought a new stake in Greenbrier Companies during the 4th quarter worth approximately $61,000. Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 2,245 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Greenbrier Companies during the 3rd quarter valued at $180,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GBX has been the subject of several research analyst reports. Wall Street Zen downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings cut Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Susquehanna downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Greenbrier Companies currently has a consensus rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies Price Performance

GBX opened at $52.16 on Monday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 15.48 and a beta of 1.43. The firm has a 50 day simple moving average of $48.50 and a 200 day simple moving average of $50.80. Greenbrier Companies, Inc. has a fifty-two week low of $38.23 and a fifty-two week high of $59.19.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $576.50 million for the quarter, compared to analysts’ expectations of $612.69 million. During the same period last year, the firm earned $1.86 earnings per share. The business’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 year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 16th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 40.36%.

Greenbrier Companies 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.