Sierra Summit Advisors LLC Raises Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Sierra Summit Advisors LLC grew its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 28.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,152 shares of the transportation company’s stock after buying an additional 2,917 shares during the period. Sierra Summit Advisors LLC’s holdings in Greenbrier Companies were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TradeLink Capital LLC acquired a new position in Greenbrier Companies in the second quarter valued at approximately $594,000. Meeder Asset Management Inc. acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at $67,000. ClariVest Asset Management LLC grew its holdings in shares of Greenbrier Companies by 13.5% during the 2nd quarter. ClariVest Asset Management LLC now owns 24,212 shares of the transportation company’s stock worth $1,200,000 after purchasing an additional 2,887 shares during the period. Texas Permanent School Fund Corp increased its position in shares of Greenbrier Companies by 21.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 33,039 shares of the transportation company’s stock worth $1,637,000 after purchasing an additional 5,828 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Greenbrier Companies during the 2nd quarter worth about $1,089,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insider Buying and Selling at Greenbrier Companies

In other news, SVP Laurie R. Dornan sold 5,935 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the sale, the senior vice president now owns 23,226 shares of the company’s stock, valued at $1,182,667.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.50.

Greenbrier Companies Trading Up 3.4 %

Shares of NYSE GBX opened at $48.07 on Monday. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.50 billion, a PE ratio of 12.58, a PEG ratio of 0.55 and a beta of 1.53. The Greenbrier Companies, Inc. has a twelve month low of $32.00 and a twelve month high of $58.00. The stock has a fifty day simple moving average of $47.03 and a 200-day simple moving average of $49.83.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Monday, July 8th. The transportation company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The business had revenue of $820.20 million for the quarter, compared to analysts’ expectations of $928.73 million. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same quarter last year, the company earned $1.02 earnings per share. On average, equities analysts forecast that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 31.41%.

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.