Chesapeake Capital Corp IL Takes Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Chesapeake Capital Corp IL acquired a new stake in The Greenbrier Companies, Inc. (NYSE:GBX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,776 shares of the transportation company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC purchased a new position in shares of Greenbrier Companies in the 1st quarter valued at about $26,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Greenbrier Companies in the 4th quarter valued at about $57,000. Tradewinds Capital Management LLC purchased a new position in shares of Greenbrier Companies in the 1st quarter valued at about $78,000. Russell Investments Group Ltd. increased its stake in shares of Greenbrier Companies by 404.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Greenbrier Companies in the 1st quarter valued at about $206,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insider Activity

In related news, CEO Lorie Tekorius sold 9,642 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $52.00, for a total value of $501,384.00. Following the transaction, the chief executive officer now directly owns 226,611 shares in the company, valued at $11,783,772. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Lorie Tekorius sold 9,642 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $52.00, for a total value of $501,384.00. Following the transaction, the chief executive officer now directly owns 226,611 shares in the company, valued at $11,783,772. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christian Lucky sold 1,454 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $52.94, for a total value of $76,974.76. Following the completion of the transaction, the senior vice president now owns 7,841 shares in the company, valued at $415,102.54. The disclosure for this sale can be found here. Insiders sold 21,096 shares of company stock worth $1,103,159 over the last ninety days. Corporate insiders own 2.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

Greenbrier Companies Price Performance

Shares of GBX stock traded down $1.23 during trading hours on Friday, reaching $47.30. The company had a trading volume of 499,331 shares, compared to its average volume of 475,494. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The stock has a fifty day moving average of $50.28 and a 200-day moving average of $49.77. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.58 and a beta of 1.57. The Greenbrier Companies, Inc. has a 12-month low of $32.00 and a 12-month high of $58.00.

Greenbrier Companies (NYSE:GBX) last posted 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 company had revenue of $820.20 million during the quarter, compared to analysts’ expectations of $928.73 million. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. Greenbrier Companies’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 anticipate that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 31.41%.

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.