3,788 Shares in Greenbrier Companies Inc (GBX) Acquired by CIBC Asset Management Inc

Share on StockTwits

CIBC Asset Management Inc acquired a new position in shares of Greenbrier Companies Inc (NYSE:GBX) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,788 shares of the transportation company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. raised its position in shares of Greenbrier Companies by 4.3% during the second quarter. D.A. Davidson & CO. now owns 23,074 shares of the transportation company’s stock worth $1,217,000 after acquiring an additional 946 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of Greenbrier Companies by 17.9% during the first quarter. Meridian Wealth Management LLC now owns 7,340 shares of the transportation company’s stock worth $369,000 after acquiring an additional 1,115 shares during the last quarter. Piermont Capital Management Inc. raised its position in shares of Greenbrier Companies by 2.3% during the first quarter. Piermont Capital Management Inc. now owns 50,490 shares of the transportation company’s stock worth $2,537,000 after acquiring an additional 1,120 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Greenbrier Companies by 31.2% during the first quarter. Xact Kapitalforvaltning AB now owns 5,044 shares of the transportation company’s stock worth $253,000 after acquiring an additional 1,200 shares during the last quarter. Finally, First Midwest Bank Trust Division raised its position in shares of Greenbrier Companies by 13.2% during the second quarter. First Midwest Bank Trust Division now owns 11,003 shares of the transportation company’s stock worth $580,000 after acquiring an additional 1,282 shares during the last quarter.

In related news, EVP Mark J. Rittenbaum sold 4,899 shares of the firm’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $52.50, for a total transaction of $257,197.50. Following the completion of the sale, the executive vice president now owns 63,837 shares of the company’s stock, valued at $3,351,442.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian J. Comstock sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $58.06, for a total value of $145,150.00. The disclosure for this sale can be found here. Insiders have sold 15,399 shares of company stock valued at $857,398 in the last ninety days. 2.46% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Co set a $55.00 price objective on Greenbrier Companies and gave the stock a “hold” rating in a research report on Monday, July 2nd. Cowen restated a “buy” rating and set a $64.00 price objective on shares of Greenbrier Companies in a research report on Tuesday, July 24th. Zacks Investment Research upgraded Greenbrier Companies from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, July 4th. ValuEngine upgraded Greenbrier Companies from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Finally, Stifel Nicolaus raised their price objective on Greenbrier Companies from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, July 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $60.75.

NYSE GBX opened at $57.90 on Friday. Greenbrier Companies Inc has a one year low of $41.95 and a one year high of $60.90. The company has a market cap of $1.87 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.49 and a beta of 1.76. The company has a quick ratio of 1.97, a current ratio of 2.82 and a debt-to-equity ratio of 0.32.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Friday, June 29th. The transportation company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.14 by $0.16. Greenbrier Companies had a return on equity of 10.56% and a net margin of 5.92%. The business had revenue of $641.40 million during the quarter, compared to analysts’ expectations of $668.52 million. During the same quarter last year, the firm posted $1.03 earnings per share. The firm’s revenue was up 46.0% on a year-over-year basis. research analysts predict that Greenbrier Companies Inc will post 4.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 9th. Investors of record on Thursday, July 19th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, July 18th. This represents a $1.00 annualized dividend and a yield of 1.73%. Greenbrier Companies’s dividend payout ratio is currently 26.60%.

Greenbrier Companies Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

See Also: New Google Finance Tool and Screening Stocks

Want to see what other hedge funds are holding GBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenbrier Companies Inc (NYSE:GBX).

Institutional Ownership by Quarter for Greenbrier Companies (NYSE:GBX)

Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply