Fox Run Management L.L.C. Makes New Investment in The Greenbrier Companies, Inc. (NYSE:GBX)

Fox Run Management L.L.C. purchased a new position in The Greenbrier Companies, Inc. (NYSE:GBX) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 15,944 shares of the transportation company’s stock, valued at approximately $972,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GBX. Hodges Capital Management Inc. increased its position in Greenbrier Companies by 216.6% in the third quarter. Hodges Capital Management Inc. now owns 319,094 shares of the transportation company’s stock worth $16,239,000 after buying an additional 218,294 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new stake in Greenbrier Companies during the 4th quarter valued at approximately $6,274,000. Allspring Global Investments Holdings LLC bought a new stake in Greenbrier Companies during the 4th quarter valued at approximately $2,527,000. De Lisle Partners LLP raised its stake in Greenbrier Companies by 36.3% during the 3rd quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company’s stock valued at $4,777,000 after purchasing an additional 25,000 shares during the period. Finally, Verition Fund Management LLC bought a new stake in Greenbrier Companies during the 3rd quarter valued at approximately $1,210,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America lifted their target price on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies presently has a consensus rating of “Hold” and an average target price of $63.00.

Greenbrier Companies Stock Performance

NYSE GBX opened at $53.78 on Friday. The stock has a market capitalization of $1.69 billion, a PE ratio of 9.38, a P/E/G ratio of 0.80 and a beta of 1.62. The business has a 50 day simple moving average of $60.51 and a two-hundred day simple moving average of $59.24. 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 Greenbrier Companies, Inc. has a 1-year low of $41.40 and a 1-year high of $71.06.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, research analysts predict that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio is presently 20.94%.

Insider Buying and Selling at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the transaction, the chief operating officer now owns 42,714 shares in the company, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.78% of the stock is currently owned by company insiders.

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.