Arizona State Retirement System boosted its stake in Greenbrier Companies Inc (NYSE:GBX) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,819 shares of the transportation company’s stock after acquiring an additional 3,122 shares during the quarter. Arizona State Retirement System’s holdings in Greenbrier Companies were worth $1,970,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in Greenbrier Companies by 3.9% in the 3rd quarter. Comerica Bank now owns 31,701 shares of the transportation company’s stock worth $1,823,000 after acquiring an additional 1,200 shares during the period. United Services Automobile Association boosted its stake in shares of Greenbrier Companies by 5.0% during the 2nd quarter. United Services Automobile Association now owns 19,870 shares of the transportation company’s stock valued at $1,048,000 after buying an additional 954 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Greenbrier Companies by 197.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,522 shares of the transportation company’s stock valued at $186,000 after buying an additional 2,336 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Greenbrier Companies by 7.7% during the 4th quarter. Alpha Windward LLC now owns 10,020 shares of the transportation company’s stock valued at $396,000 after buying an additional 720 shares during the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC purchased a new position in shares of Greenbrier Companies during the 4th quarter valued at approximately $1,174,000.
Get Greenbrier Companies alerts:Greenbrier Companies stock opened at $41.39 on Thursday. The company has a market cap of $1.32 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.76 and a quick ratio of 1.69. Greenbrier Companies Inc has a 52 week low of $37.44 and a 52 week high of $64.87.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The business had revenue of $604.50 million for the quarter, compared to analyst estimates of $559.43 million. Greenbrier Companies had a return on equity of 8.87% and a net margin of 5.60%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. As a group, analysts forecast that Greenbrier Companies Inc will post 4.3 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Wednesday, January 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, January 29th. Greenbrier Companies’s dividend payout ratio is currently 24.21%.
Several equities analysts have recently commented on the company. Zacks Investment Research cut Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Mizuho dropped coverage on Greenbrier Companies in a research note on Thursday, January 10th. TheStreet cut Greenbrier Companies from a “b” rating to a “c+” rating in a research note on Wednesday, January 9th. Bank of America reduced their target price on Greenbrier Companies from $56.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, January 10th. Finally, Wells Fargo & Co reduced their target price on Greenbrier Companies from $52.00 to $43.00 and set a “market perform” rating for the company in a research note on Thursday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $54.50.
TRADEMARK VIOLATION NOTICE: “Arizona State Retirement System Has $1.97 Million Holdings in Greenbrier Companies Inc (GBX)” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/4150141/arizona-state-retirement-system-has-1-97-million-holdings-in-greenbrier-companies-inc-gbx.html.Greenbrier Companies Company Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The 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; 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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