Greenbrier Companies, Inc. (The) (NYSE:GBX – Get Free Report) declared a quarterly dividend on Thursday, January 8th. Shareholders of record on Tuesday, January 27th will be given a dividend of 0.32 per share by the transportation company on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 27th.
Greenbrier Companies has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. Greenbrier Companies has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.5%.
Greenbrier Companies Stock Up 5.6%
Shares of GBX stock opened at $53.43 on Friday. The stock has a 50 day moving average of $45.25 and a 200 day moving average of $46.42. Greenbrier Companies has a twelve month low of $37.77 and a twelve month high of $71.06. The stock has a market cap of $1.67 billion, a P/E ratio of 8.48, a P/E/G ratio of 2.20 and a beta of 1.67. The company has a current ratio of 2.43, a quick ratio of 1.38 and a debt-to-equity ratio of 1.03.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Greenbrier Companies during the second quarter worth approximately $1,982,000. Entropy Technologies LP acquired a new stake in shares of Greenbrier Companies during the 2nd quarter valued at $280,000. Amundi grew its holdings in shares of Greenbrier Companies by 141.0% during the 1st quarter. Amundi now owns 37,934 shares of the transportation company’s stock valued at $1,787,000 after acquiring an additional 22,194 shares in the last quarter. Mengis Capital Management Inc. purchased a new stake in shares of Greenbrier Companies during the second quarter worth $576,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Greenbrier Companies during the third quarter worth $1,183,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.
About Greenbrier Companies
The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.
Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.
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