Polaris Capital Management LLC raised its stake in Greenbrier Companies Inc (NYSE:GBX) by 250.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 184,010 shares of the transportation company’s stock after buying an additional 131,510 shares during the quarter. Polaris Capital Management LLC owned about 0.64% of Greenbrier Companies worth $2,414,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in GBX. Eqis Capital Management Inc. acquired a new position in Greenbrier Companies during the fourth quarter worth $206,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Greenbrier Companies in the fourth quarter valued at $245,000. Macquarie Group Ltd. acquired a new position in shares of Greenbrier Companies in the third quarter valued at $265,000. Piedmont Investment Advisors LLC acquired a new position in shares of Greenbrier Companies in the second quarter valued at $284,000. Finally, Jennison Associates LLC acquired a new position in shares of Greenbrier Companies in the third quarter valued at $285,000.
GBX has been the subject of a number of recent research reports. KeyCorp reissued a “buy” rating and issued a $60.00 target price on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Stifel Nicolaus set a $55.00 price objective on shares of Greenbrier Companies and gave the stock a “buy” rating in a research report on Friday, February 9th. Seaport Global Securities initiated coverage on shares of Greenbrier Companies in a research report on Thursday, January 4th. They set a “buy” rating and a $65.00 price objective for the company. Finally, ValuEngine raised Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $58.29.
Greenbrier Companies Inc (NYSE:GBX) traded up $0.70 during trading on Friday, hitting $51.60. The stock had a trading volume of 533,887 shares, compared to its average volume of 386,592. Greenbrier Companies Inc has a one year low of $40.45 and a one year high of $54.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.04. The firm has a market capitalization of $1,480.97, a P/E ratio of 13.30, a P/E/G ratio of 1.32 and a beta of 1.67.
Greenbrier Companies (NYSE:GBX) last released its earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The business had revenue of $559.50 million during the quarter, compared to the consensus estimate of $591.05 million. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. equities research analysts predict that Greenbrier Companies Inc will post 4.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, January 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, January 25th. Greenbrier Companies’s dividend payout ratio is presently 24.86%.
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Greenbrier Companies Profile
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.
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