Allspring Global Investments Holdings LLC Acquires Shares of 73,696 The Greenbrier Companies, Inc. (NYSE:GBX)

Allspring Global Investments Holdings LLC bought a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 73,696 shares of the transportation company’s stock, valued at approximately $3,840,000. Allspring Global Investments Holdings LLC owned approximately 0.24% of Greenbrier Companies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GBX. Hexagon Capital Partners LLC bought a new stake in Greenbrier Companies in the 1st quarter valued at about $26,000. Gladius Capital Management LP bought a new position in Greenbrier Companies during the 3rd quarter worth $31,000. Wetzel Investment Advisors Inc. acquired a new position in Greenbrier Companies in the 4th quarter valued at $57,000. Russell Investments Group Ltd. grew its holdings in shares of Greenbrier Companies by 404.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Greenbrier Companies in the first quarter worth $256,000. Institutional investors own 95.59% of the company’s stock.

Insiders Place Their Bets

In other news, SVP William Glenn sold 5,800 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $51.87, for a total transaction of $300,846.00. Following the completion of the transaction, the senior vice president now directly owns 33,211 shares in the company, valued at $1,722,654.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP William Glenn sold 5,800 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $51.87, for a total transaction of $300,846.00. Following the completion of the sale, the senior vice president now directly owns 33,211 shares in the company, valued at $1,722,654.57. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lorie Tekorius sold 9,642 shares of Greenbrier Companies stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $52.00, for a total transaction of $501,384.00. Following the transaction, the chief executive officer now directly owns 226,611 shares of the company’s stock, valued at approximately $11,783,772. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,176 shares of company stock valued at $2,104,013. 2.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on GBX. Stephens raised their target price on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, April 8th. TD Cowen raised their target price on Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Susquehanna raised their price objective on Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $54.00.

Greenbrier Companies Price Performance

GBX stock traded up $0.33 during midday trading on Tuesday, reaching $49.43. 21,941 shares of the stock were exchanged, compared to its average volume of 322,776. The Greenbrier Companies, Inc. has a 52 week low of $32.00 and a 52 week high of $58.00. The company has a fifty day moving average price of $51.62 and a 200 day moving average price of $49.46. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The stock has a market capitalization of $1.54 billion, a PE ratio of 14.44, a P/E/G ratio of 0.69 and a beta of 1.57.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.28. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. The company had revenue of $862.70 million for the quarter, compared to analysts’ expectations of $841.58 million. During the same period in the previous year, the business posted $0.99 earnings per share. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. As a group, analysts expect that The Greenbrier Companies, Inc. will post 4.23 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 23rd were issued a $0.30 dividend. The ex-dividend date was Monday, April 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 2.43%. Greenbrier Companies’s payout ratio is 35.29%.

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.