Horizon Investment Services LLC Purchases 955 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Horizon Investment Services LLC grew its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 23.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,015 shares of the transportation company’s stock after acquiring an additional 955 shares during the quarter. Horizon Investment Services LLC’s holdings in Greenbrier Companies were worth $248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC bought a new position in Greenbrier Companies during the first quarter valued at $26,000. Tradewinds Capital Management LLC bought a new position in shares of Greenbrier Companies in the 1st quarter valued at about $78,000. Innealta Capital LLC purchased a new position in Greenbrier Companies in the second quarter worth about $82,000. Russell Investments Group Ltd. increased its stake in Greenbrier Companies by 404.0% during the fourth quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock worth $100,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in Greenbrier Companies during the first quarter worth approximately $206,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.00.

Insider Activity

In related news, SVP Laurie R. Dornan sold 5,935 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total value of $302,210.20. Following the transaction, the senior vice president now owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.54% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX opened at $47.22 on Friday. 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 company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.60 and a beta of 1.53. The Greenbrier Companies, Inc. has a 12 month low of $32.00 and a 12 month high of $58.00. The firm’s 50-day moving average is $47.42 and its 200 day moving average is $49.96.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Monday, July 8th. The transportation company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The business had revenue of $820.20 million for the quarter, compared to the consensus estimate of $928.73 million. During the same period in the prior year, the company posted $1.02 EPS. The company’s quarterly revenue was down 21.0% compared to the same quarter last year. Research analysts predict that The Greenbrier Companies, Inc. will post 4.35 EPS for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. Greenbrier Companies’s dividend payout ratio (DPR) is 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.