Cambria Investment Management L.P. boosted its holdings in shares of Greenbrier Companies Inc (NYSE:GBX) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,175 shares of the transportation company’s stock after acquiring an additional 4,240 shares during the period. Cambria Investment Management L.P. owned 0.12% of Greenbrier Companies worth $1,667,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Greenbrier Companies by 10.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,366 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 1,046 shares during the period. Meridian Wealth Management LLC raised its holdings in Greenbrier Companies by 17.9% in the first quarter. Meridian Wealth Management LLC now owns 7,340 shares of the transportation company’s stock worth $369,000 after buying an additional 1,115 shares during the last quarter. Piermont Capital Management Inc. raised its holdings in Greenbrier Companies by 2.3% in the first quarter. Piermont Capital Management Inc. now owns 50,490 shares of the transportation company’s stock worth $2,537,000 after buying an additional 1,120 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Greenbrier Companies by 8.9% in the first quarter. Thrivent Financial for Lutherans now owns 19,312 shares of the transportation company’s stock worth $970,000 after buying an additional 1,572 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Greenbrier Companies by 13.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,302 shares of the transportation company’s stock worth $709,000 after buying an additional 1,596 shares during the last quarter.
Shares of GBX stock opened at $49.20 on Friday. Greenbrier Companies Inc has a 52 week low of $41.45 and a 52 week high of $54.45. The company has a market capitalization of $1.41 billion, a PE ratio of 13.09, a P/E/G ratio of 1.25 and a beta of 1.59. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.82 and a quick ratio of 1.95.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, April 25th were paid a $0.25 dividend. The ex-dividend date was Tuesday, April 24th. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%. Greenbrier Companies’s payout ratio is currently 26.60%.
Several brokerages have issued reports on GBX. ValuEngine cut shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research cut shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Stifel Nicolaus decreased their target price on shares of Greenbrier Companies from $55.00 to $54.00 and set a “buy” rating for the company in a report on Sunday, April 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Greenbrier Companies currently has an average rating of “Hold” and an average target price of $56.75.
In other news, EVP Alejandro Centurion sold 2,000 shares of Greenbrier Companies stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $45.25, for a total value of $90,500.00. Following the completion of the sale, the executive vice president now directly owns 9,925 shares in the company, valued at $449,106.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark J. Rittenbaum sold 2,100 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $49.58, for a total transaction of $104,118.00. Following the completion of the sale, the executive vice president now owns 71,892 shares of the company’s stock, valued at $3,564,405.36. The disclosure for this sale can be found here. Insiders sold 25,100 shares of company stock valued at $1,168,428 over the last quarter. Company insiders own 2.46% of the company’s stock.
About Greenbrier Companies
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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