Point72 Asia Singapore Pte. Ltd. Sells 1,368 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 65.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 737 shares of the transportation company’s stock after selling 1,368 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Greenbrier Companies were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of Greenbrier Companies by 892.7% during the 4th quarter. Quarry LP now owns 407 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 366 shares in the last quarter. R Squared Ltd bought a new stake in Greenbrier Companies during the 4th quarter valued at approximately $26,000. F M Investments LLC purchased a new position in shares of Greenbrier Companies during the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC raised its position in shares of Greenbrier Companies by 241.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company’s stock worth $56,000 after acquiring an additional 644 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Greenbrier Companies by 812.3% in the 4th quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company’s stock worth $59,000 after acquiring an additional 861 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Susquehanna dropped their price target on Greenbrier Companies from $75.00 to $52.00 and set a “positive” rating on the stock in a research report on Tuesday, April 8th.

Insider Transactions at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $48.00, for a total transaction of $96,000.00. Following the sale, the chief operating officer now directly owns 36,714 shares of the company’s stock, valued at approximately $1,762,272. This represents a 5.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.78% of the stock is owned by insiders.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $47.44 on Monday. The company has a 50 day simple moving average of $46.68 and a two-hundred day simple moving average of $57.45. The Greenbrier Companies, Inc. has a fifty-two week low of $37.77 and a fifty-two week high of $71.06. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). The company had revenue of $762.10 million for the quarter, compared to the consensus estimate of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Analysts expect that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.70%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 20.45%.

About Greenbrier Companies

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.