American National Bank grew its holdings in shares of Greenbrier Companies Inc (NYSE:GBX) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,152 shares of the transportation company’s stock after buying an additional 4,748 shares during the quarter. American National Bank owned 0.15% of Greenbrier Companies worth $1,552,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Greenbrier Companies during the fourth quarter worth about $21,503,000. Legal & General Group Plc boosted its holdings in Greenbrier Companies by 3.4% during the fourth quarter. Legal & General Group Plc now owns 80,807 shares of the transportation company’s stock worth $3,187,000 after purchasing an additional 2,655 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Greenbrier Companies by 3.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 22,795 shares of the transportation company’s stock worth $901,000 after purchasing an additional 854 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Greenbrier Companies during the fourth quarter worth about $368,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Greenbrier Companies by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,288 shares of the transportation company’s stock worth $407,000 after purchasing an additional 8,035 shares during the last quarter.
Greenbrier Companies stock opened at $33.60 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.41 and a current ratio of 2.56. The company has a market cap of $1.06 billion, a P/E ratio of 8.14, a PEG ratio of 0.95 and a beta of 1.82. Greenbrier Companies Inc has a 1-year low of $31.12 and a 1-year high of $64.87.
Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, April 5th. The transportation company reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. The business had revenue of $658.70 million for the quarter, compared to analyst estimates of $649.42 million. Greenbrier Companies had a net margin of 3.26% and a return on equity of 6.81%. Greenbrier Companies’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 EPS. Research analysts expect that Greenbrier Companies Inc will post 3.63 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, April 23rd. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.21%.
GBX has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. Mizuho dropped coverage on shares of Greenbrier Companies in a research report on Thursday, January 10th. TheStreet lowered shares of Greenbrier Companies from a “b” rating to a “c+” rating in a research report on Wednesday, January 9th. Bank of America lowered their price target on shares of Greenbrier Companies from $56.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, January 10th. Finally, Cowen reissued a “buy” rating and issued a $65.00 price target on shares of Greenbrier Companies in a research report on Wednesday, January 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.25.
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The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The 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; 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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