Beacon Harbor Wealth Advisors Inc. Invests $6.27 Million in The Greenbrier Companies, Inc. (NYSE:GBX)

Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 102,862 shares of the transportation company’s stock, valued at approximately $6,274,000. Beacon Harbor Wealth Advisors Inc. owned approximately 0.33% of Greenbrier Companies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBX. De Lisle Partners LLP boosted its holdings in shares of Greenbrier Companies by 36.3% in the 3rd quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company’s stock valued at $4,777,000 after purchasing an additional 25,000 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Greenbrier Companies by 112.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 16,050 shares of the transportation company’s stock valued at $817,000 after acquiring an additional 8,500 shares in the last quarter. M3 Advisory Group LLC acquired a new position in shares of Greenbrier Companies during the 4th quarter valued at $225,000. Point72 Asset Management L.P. acquired a new position in shares of Greenbrier Companies during the 3rd quarter valued at $639,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Greenbrier Companies by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after acquiring an additional 32,191 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America lifted their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.00.

Insider Transactions at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the sale, the chief operating officer now owns 42,714 shares of the company’s stock, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.78% of the company’s stock.

Greenbrier Companies Stock Performance

Greenbrier Companies stock opened at $55.43 on Thursday. The Greenbrier Companies, Inc. has a 12-month low of $41.40 and a 12-month high of $71.06. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The firm’s fifty day moving average price is $62.12 and its 200 day moving average price is $58.63.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm had revenue of $875.90 million for the quarter, compared to the consensus estimate of $849.51 million. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. On average, research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, January 29th. Greenbrier Companies’s payout ratio is currently 20.94%.

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.