Hodges Capital Management Inc. Raises Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

Hodges Capital Management Inc. raised its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,325 shares of the transportation company’s stock after purchasing an additional 29,231 shares during the period. Greenbrier Companies accounts for 1.3% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 20th largest holding. Hodges Capital Management Inc.’s holdings in Greenbrier Companies were worth $21,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GBX. Geode Capital Management LLC increased its stake in Greenbrier Companies by 1.1% in the third quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock valued at $36,237,000 after purchasing an additional 7,886 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Greenbrier Companies by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company’s stock valued at $32,006,000 after buying an additional 2,536 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Greenbrier Companies by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after buying an additional 32,191 shares during the last quarter. Hennessy Advisors Inc. raised its stake in Greenbrier Companies by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 197,300 shares of the transportation company’s stock worth $12,033,000 after acquiring an additional 12,600 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Greenbrier Companies by 5.3% in the third quarter. Empowered Funds LLC now owns 151,814 shares of the transportation company’s stock valued at $7,726,000 after acquiring an additional 7,638 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Bank of America raised their price objective on Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a report on Thursday, January 9th. Susquehanna raised their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Greenbrier Companies has an average rating of “Hold” and a consensus price target of $63.00.

Insider Buying and Selling at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 4,950 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the sale, the senior vice president now directly owns 27,472 shares in the company, valued at $1,785,680. The trade was a 15.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.78% of the stock is owned by corporate insiders.

Greenbrier Companies Trading Down 1.3 %

Shares of Greenbrier Companies stock opened at $66.26 on Monday. The company’s fifty day moving average is $65.43 and its two-hundred day moving average is $56.75. The Greenbrier Companies, Inc. has a 1 year low of $41.40 and a 1 year high of $71.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The company has a market capitalization of $2.08 billion, a P/E ratio of 11.56, a PEG ratio of 0.96 and a beta of 1.52.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to analysts’ expectations of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. Analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio is presently 20.94%.

Greenbrier Companies Company 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.