The Greenbrier Companies, Inc. (NYSE:GBX) Stake Increased by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 197,300 shares of the transportation company’s stock after acquiring an additional 12,600 shares during the quarter. Hennessy Advisors Inc.’s holdings in Greenbrier Companies were worth $12,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Carolina Wealth Advisors LLC boosted its position in Greenbrier Companies by 2.4% during the 4th quarter. Carolina Wealth Advisors LLC now owns 13,859 shares of the transportation company’s stock worth $845,000 after acquiring an additional 331 shares during the period. Cullen Investment Group LTD. boosted its holdings in shares of Greenbrier Companies by 1.0% during the fourth quarter. Cullen Investment Group LTD. now owns 19,675 shares of the transportation company’s stock worth $1,200,000 after purchasing an additional 204 shares during the period. Franklin Resources Inc. grew its position in Greenbrier Companies by 3.1% during the third quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company’s stock valued at $990,000 after purchasing an additional 562 shares in the last quarter. Tidal Investments LLC increased its stake in Greenbrier Companies by 27.9% in the 3rd quarter. Tidal Investments LLC now owns 5,454 shares of the transportation company’s stock valued at $278,000 after buying an additional 1,190 shares during the period. Finally, Geode Capital Management LLC lifted its position in Greenbrier Companies by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock worth $36,237,000 after buying an additional 7,886 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GBX shares. Bank of America boosted their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a report on Thursday, January 9th. Susquehanna lifted their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.00.

Greenbrier Companies Trading Down 0.7 %

Greenbrier Companies stock opened at $66.46 on Friday. The Greenbrier Companies, Inc. has a one year low of $41.40 and a one year high of $69.12. The company’s fifty day moving average price is $64.91 and its two-hundred day moving average price is $55.11. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.87. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.82 and a beta of 1.54.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The business had revenue of $875.90 million for the quarter, compared to the consensus estimate of $849.51 million. During the same period last year, the business earned $0.96 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. Greenbrier Companies’s payout ratio is presently 20.94%.

Insider Buying and Selling

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,976 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the sale, the senior vice president now owns 33,776 shares of the company’s stock, valued at $1,959,008. This trade represents a 5.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the chief operating officer now owns 48,714 shares in the company, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock worth $790,338 in the last quarter. 1.78% of the stock is currently owned by company insiders.

Greenbrier Companies Company 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.