TradeLink Capital LLC Takes Position in The Greenbrier Companies, Inc. (NYSE:GBX)

TradeLink Capital LLC acquired a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,992 shares of the transportation company’s stock, valued at approximately $594,000. Greenbrier Companies accounts for about 1.8% of TradeLink Capital LLC’s holdings, making the stock its 14th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Greenbrier Companies during the 4th quarter valued at $900,000. Russell Investments Group Ltd. raised its stake in shares of Greenbrier Companies by 404.0% during the fourth 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. Jump Financial LLC lifted its holdings in Greenbrier Companies by 7.7% in the fourth quarter. Jump Financial LLC now owns 10,693 shares of the transportation company’s stock worth $472,000 after purchasing an additional 766 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Greenbrier Companies by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,513,387 shares of the transportation company’s stock worth $111,042,000 after purchasing an additional 66,323 shares during the period. Finally, Norges Bank bought a new position in Greenbrier Companies in the 4th quarter valued at about $10,242,000. 95.59% of the stock is owned by institutional investors.

Greenbrier Companies Stock Up 2.1 %

GBX opened at $46.50 on Friday. 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 company has a market capitalization of $1.45 billion, a PE ratio of 12.17, a P/E/G ratio of 0.55 and a beta of 1.53. The stock’s fifty day moving average is $47.04 and its 200-day moving average is $49.85. The Greenbrier Companies, Inc. has a one year low of $32.00 and a one year high of $58.00.

Greenbrier Companies (NYSE:GBX) last released its 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). Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. During the same period in the previous year, the firm earned $1.02 earnings per share. Greenbrier Companies’s revenue was down 21.0% on a year-over-year basis. On average, equities analysts predict that The Greenbrier Companies, Inc. will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd were issued a $0.30 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.58%. Greenbrier Companies’s payout ratio is currently 31.41%.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies stock in a transaction that occurred on 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 in the company, valued at $1,182,667.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.50.

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.