Comerica Bank increased its position in Greenbrier Companies Inc (NYSE:GBX) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 30,068 shares of the company’s stock after buying an additional 1,688 shares during the period. Comerica Bank’s holdings in Greenbrier Companies were worth $1,475,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Eqis Capital Management Inc. bought a new stake in shares of Greenbrier Companies during the third quarter worth about $296,000. Capstone Asset Management Co. boosted its stake in shares of Greenbrier Companies by 3.6% in the third quarter. Capstone Asset Management Co. now owns 14,376 shares of the company’s stock worth $507,000 after buying an additional 500 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its stake in shares of Greenbrier Companies by 23.5% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 192,074 shares of the company’s stock worth $6,780,000 after buying an additional 36,610 shares during the period. American National Bank boosted its stake in shares of Greenbrier Companies by 7.5% in the third quarter. American National Bank now owns 52,424 shares of the company’s stock worth $1,850,000 after buying an additional 3,657 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Greenbrier Companies by 113.8% in the third quarter. Bank of Montreal Can now owns 63,965 shares of the company’s stock worth $2,258,000 after buying an additional 34,044 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of Greenbrier Companies Inc (NYSE:GBX) opened at 42.50 on Tuesday. Greenbrier Companies Inc has a 12-month low of $24.27 and a 12-month high of $49.50. The stock has a market cap of $1.21 billion, a PE ratio of 9.73 and a beta of 2.13. The firm has a 50 day moving average price of $43.57 and a 200 day moving average price of $39.50.
Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, January 6th. The company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.04. The business earned $552.30 million during the quarter. Greenbrier Companies had a return on equity of 13.98% and a net margin of 5.71%. The company’s quarterly revenue was down 31.2% on a year-over-year basis. During the same period last year, the firm posted $2.15 earnings per share. On average, equities analysts expect that Greenbrier Companies Inc will post $3.46 EPS for the current year.
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A number of analysts recently issued reports on GBX shares. Longbow Research cut Greenbrier Companies from a “neutral” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a report on Tuesday, January 3rd. Cowen and Company increased their price objective on Greenbrier Companies from $39.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, January 10th. Zacks Investment Research cut Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 10th. Stifel Nicolaus reissued a “hold” rating and set a $43.00 price objective (up previously from $33.00) on shares of Greenbrier Companies in a report on Wednesday, January 11th. Finally, CLSA cut Greenbrier Companies from an “underperform” rating to a “sell” rating in a report on Thursday, January 19th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.98.
In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 6,250 shares of Greenbrier Companies stock in a transaction on Friday, January 6th. The stock was sold at an average price of $44.75, for a total value of $279,687.50. Following the completion of the sale, the executive vice president now owns 63,857 shares of the company’s stock, valued at approximately $2,857,600.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.60% of the stock is currently owned by company insiders.
About Greenbrier Companies
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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