Raiffeisen Bank International AG Invests $519,000 in The Greenbrier Companies, Inc. (NYSE:GBX)

Raiffeisen Bank International AG acquired a new position in The Greenbrier Companies, Inc. (NYSE:GBX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,474 shares of the transportation company’s stock, valued at approximately $519,000.

Several other hedge funds have also recently bought and sold shares of GBX. Jones Financial Companies Lllp increased its stake in shares of Greenbrier Companies by 147.2% in the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company’s stock valued at $499,000 after purchasing an additional 4,876 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Greenbrier Companies in the 4th quarter worth approximately $2,527,000. M3 Advisory Group LLC acquired a new stake in Greenbrier Companies in the 4th quarter valued at approximately $225,000. Northern Trust Corp raised its stake in Greenbrier Companies by 20.5% during the 4th quarter. Northern Trust Corp now owns 389,406 shares of the transportation company’s stock valued at $23,750,000 after acquiring an additional 66,185 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Greenbrier Companies by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company’s stock worth $990,000 after acquiring an additional 562 shares during the period. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Trading Up 0.3%

Greenbrier Companies stock opened at $47.44 on Friday. The Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The stock has a market capitalization of $1.49 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The firm has a 50 day simple moving average of $46.68 and a 200-day simple moving average of $57.46.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm had revenue of $762.10 million for the quarter, compared to the consensus estimate of $898.53 million. During the same period in the previous year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, equities research analysts expect that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd were issued a dividend of $0.32 per share. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, April 22nd. Greenbrier Companies’s payout ratio is presently 20.45%.

Analyst Upgrades and Downgrades

Separately, Susquehanna lowered their price target on Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating on the stock in a report on Tuesday, April 8th.

Insider Buying and Selling

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. Following the transaction, the chief operating officer now owns 36,714 shares of the company’s stock, valued at approximately $1,762,272. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.78% of the stock is owned by corporate insiders.

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.