Texas Permanent School Fund increased its position in Greenbrier Companies Inc (NYSE:GBX) by 10.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,255 shares of the transportation company’s stock after acquiring an additional 1,994 shares during the quarter. Texas Permanent School Fund owned about 0.06% of Greenbrier Companies worth $1,217,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Greenbrier Companies by 14.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,159,568 shares of the transportation company’s stock valued at $113,908,000 after acquiring an additional 271,364 shares during the period. LSV Asset Management raised its stake in Greenbrier Companies by 13.3% in the second quarter. LSV Asset Management now owns 876,827 shares of the transportation company’s stock valued at $46,252,000 after purchasing an additional 102,800 shares in the last quarter. Northern Trust Corp raised its stake in Greenbrier Companies by 5.1% in the second quarter. Northern Trust Corp now owns 842,047 shares of the transportation company’s stock valued at $44,418,000 after purchasing an additional 40,692 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Greenbrier Companies by 3.1% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 714,564 shares of the transportation company’s stock valued at $42,945,000 after purchasing an additional 21,555 shares in the last quarter. Finally, Royce & Associates LP raised its stake in Greenbrier Companies by 6.8% in the second quarter. Royce & Associates LP now owns 548,681 shares of the transportation company’s stock valued at $28,943,000 after purchasing an additional 35,145 shares in the last quarter.
GBX has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of Greenbrier Companies in a research note on Wednesday, July 18th. They issued a “neutral” rating and a $62.00 target price on the stock. Cowen reaffirmed a “buy” rating and issued a $64.00 target price on shares of Greenbrier Companies in a research note on Tuesday, July 24th. KeyCorp raised their target price on shares of Greenbrier Companies from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Zacks Investment Research downgraded shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, ValuEngine downgraded shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $60.38.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Friday, October 26th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.23). The business had revenue of $689.20 million for the quarter, compared to analysts’ expectations of $663.98 million. Greenbrier Companies had a return on equity of 10.07% and a net margin of 6.02%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. On average, analysts anticipate that Greenbrier Companies Inc will post 4.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Wednesday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, November 13th. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.21%.
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About Greenbrier Companies
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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