MetLife Investment Management LLC Cuts Stake in Greenbrier Companies, Inc. (The) $GBX

MetLife Investment Management LLC lowered its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,213 shares of the transportation company’s stock after selling 302 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Greenbrier Companies worth $933,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GBX. Versant Capital Management Inc raised its holdings in shares of Greenbrier Companies by 44.7% during the 1st quarter. Versant Capital Management Inc now owns 690 shares of the transportation company’s stock worth $35,000 after acquiring an additional 213 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of Greenbrier Companies by 108,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company’s stock worth $55,000 after acquiring an additional 1,087 shares in the last quarter. Curat Global LLC purchased a new stake in shares of Greenbrier Companies during the 1st quarter worth approximately $56,000. US Bancorp DE raised its holdings in shares of Greenbrier Companies by 111.1% during the 1st quarter. US Bancorp DE now owns 1,121 shares of the transportation company’s stock worth $57,000 after acquiring an additional 590 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $65,000. Institutional investors own 95.59% of the company’s stock.

Insiders Place Their Bets

In related news, Director Wanda F. Felton sold 3,652 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $54.31, for a total transaction of $198,340.12. Following the completion of the sale, the director directly owned 3,000 shares of the company’s stock, valued at approximately $162,930. This trade represents a 54.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Huffines purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $44.84 per share, with a total value of $112,100.00. Following the completion of the purchase, the director directly owned 13,909 shares in the company, valued at $623,679.56. The trade was a 21.91% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 11,379 shares of company stock valued at $595,213 over the last quarter. 1.78% of the stock is currently owned by insiders.

Greenbrier Companies Price Performance

NYSE:GBX opened at $47.10 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 1.56 and a beta of 1.72. Greenbrier Companies, Inc. has a 1 year low of $37.77 and a 1 year high of $71.06. The business has a 50 day simple moving average of $48.30 and a 200-day simple moving average of $47.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Tuesday, July 1st. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.87. The business had revenue of $842.70 million during the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS. Greenbrier Companies has set its FY 2025 guidance at EPS. Equities analysts forecast that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 17th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 17th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 18.13%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GBX. Susquehanna upped their price objective on Greenbrier Companies from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Wednesday, July 2nd. Wall Street Zen raised Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a report on Friday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Greenbrier Companies currently has an average rating of “Hold” and an average target price of $59.50.

Greenbrier Companies 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.