EMC Capital Management Invests $150,000 in Greenbrier Companies, Inc. (The) $GBX

EMC Capital Management bought a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,264 shares of the transportation company’s stock, valued at approximately $150,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amundi increased its position in shares of Greenbrier Companies by 141.0% during the first quarter. Amundi now owns 37,934 shares of the transportation company’s stock worth $1,787,000 after purchasing an additional 22,194 shares in the last quarter. Mengis Capital Management Inc. acquired a new stake in shares of Greenbrier Companies in the 2nd quarter valued at about $576,000. Dynamic Technology Lab Private Ltd grew its stake in Greenbrier Companies by 66.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 18,010 shares of the transportation company’s stock worth $922,000 after buying an additional 7,168 shares during the last quarter. Millennium Management LLC lifted its stake in Greenbrier Companies by 260.2% in the first quarter. Millennium Management LLC now owns 741,760 shares of the transportation company’s stock valued at $37,993,000 after buying an additional 535,843 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Greenbrier Companies by 24.9% in the first quarter. Envestnet Asset Management Inc. now owns 8,139 shares of the transportation company’s stock valued at $417,000 after buying an additional 1,623 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Trading Down 0.2%

Shares of Greenbrier Companies stock opened at $41.98 on Thursday. The company has a 50-day moving average of $44.64 and a two-hundred day moving average of $46.20. The stock has a market cap of $1.31 billion, a PE ratio of 6.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.75. Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06. The company has a current ratio of 2.43, a quick ratio of 0.82 and a debt-to-equity ratio of 1.03.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, May 31st. The transportation company reported $0.05 earnings per share for the quarter. The business had revenue of $766.50 million during the quarter. Greenbrier Companies had a return on equity of 12.90% and a net margin of 6.30%. On average, research analysts anticipate that Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. Greenbrier Companies’s payout ratio is presently 20.32%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GBX. Zacks Research cut shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Greenbrier Companies in a research report on Wednesday, October 8th. Susquehanna decreased their target price on shares of Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating for the company in a research note on Wednesday, October 29th. Finally, Wall Street Zen lowered Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $57.00.

Greenbrier Companies 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.