Illinois Municipal Retirement Fund Has $826,000 Stock Position in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Illinois Municipal Retirement Fund lowered its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,135 shares of the transportation company’s stock after selling 565 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Greenbrier Companies were worth $826,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP grew its position in Greenbrier Companies by 892.7% in the 4th quarter. Quarry LP now owns 407 shares of the transportation company’s stock worth $25,000 after purchasing an additional 366 shares during the last quarter. F M Investments LLC bought a new stake in shares of Greenbrier Companies in the fourth quarter valued at about $35,000. Versant Capital Management Inc grew its position in Greenbrier Companies by 44.7% during the first quarter. Versant Capital Management Inc now owns 690 shares of the transportation company’s stock worth $35,000 after buying an additional 213 shares in the last quarter. NBC Securities Inc. increased its stake in Greenbrier Companies by 108,700.0% during the first quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 1,087 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Greenbrier Companies by 241.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 644 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $48.00, for a total value of $192,000.00. Following the sale, the chief operating officer directly owned 32,714 shares in the company, valued at $1,570,272. This represents a 10.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.78% of the company’s stock.

Greenbrier Companies Stock Up 21.6%

GBX opened at $57.13 on Thursday. The company has a market capitalization of $1.79 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.90 and a beta of 1.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.50 and a quick ratio of 0.83. The firm’s fifty day moving average price is $45.43 and its two-hundred day moving average price is $52.99. Greenbrier Companies, Inc. has a fifty-two week low of $37.77 and a fifty-two week high of $71.06.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.87. The business had revenue of $842.70 million for the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.78%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. On average, analysts anticipate that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.28 annualized dividend and a dividend yield of 2.24%. Greenbrier Companies’s dividend payout ratio is currently 20.45%.

Analysts Set New Price Targets

Separately, Susquehanna raised their price objective on Greenbrier Companies from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Wednesday.

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.