Midas Management Corp Has $840,000 Stake in Greenbrier Companies, Inc. (The) (GBX)

Midas Management Corp held its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,150 shares of the transportation company’s stock at the end of the second quarter. Midas Management Corp owned approximately 0.06% of Greenbrier Companies, Inc. (The) worth $840,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in GBX. Ameritas Investment Partners Inc. purchased a new stake in Greenbrier Companies, Inc. (The) during the first quarter worth $101,000. State of Alaska Department of Revenue increased its stake in Greenbrier Companies, Inc. (The) by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 3,130 shares of the transportation company’s stock worth $134,000 after buying an additional 80 shares during the last quarter. Stifel Financial Corp purchased a new stake in Greenbrier Companies, Inc. (The) during the first quarter worth $202,000. Cim Investment Mangement Inc. purchased a new stake in Greenbrier Companies, Inc. (The) during the first quarter worth $204,000. Finally, US Bancorp DE increased its stake in Greenbrier Companies, Inc. (The) by 18.5% in the second quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock worth $237,000 after buying an additional 800 shares during the last quarter.

Greenbrier Companies, Inc. (NYSE:GBX) traded down 0.33% during trading on Friday, reaching $45.90. The company’s stock had a trading volume of 246,663 shares. The stock’s 50 day moving average is $45.27 and its 200 day moving average is $44.69. Greenbrier Companies, Inc. has a 12 month low of $28.95 and a 12 month high of $51.25. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 11.58 and a beta of 1.86.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last issued its earnings results on Thursday, June 29th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.21. Greenbrier Companies, Inc. (The) had a net margin of 5.85% and a return on equity of 11.74%. The business had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $516.17 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. On average, equities analysts expect that Greenbrier Companies, Inc. will post $3.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 8th. Shareholders of record on Tuesday, July 18th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, July 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.92%. Greenbrier Companies, Inc. (The)’s payout ratio is 22.17%.

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A number of research firms have recently weighed in on GBX. BidaskClub upgraded Greenbrier Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Greenbrier Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Buckingham Research assumed coverage on Greenbrier Companies, Inc. (The) in a research report on Wednesday, June 21st. They set a “neutral” rating and a $45.00 price target for the company. Cowen and Company upped their price objective on Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, July 4th. Finally, Bank of America Corporation upgraded Greenbrier Companies, Inc. (The) from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $59.00 in a research note on Tuesday, July 4th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.28.

In other Greenbrier Companies, Inc. (The) news, EVP Mark J. Rittenbaum sold 2,100 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $44.75, for a total transaction of $93,975.00. Following the sale, the executive vice president now owns 63,827 shares of the company’s stock, valued at approximately $2,856,258.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alejandro Centurion sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $43.30, for a total transaction of $129,900.00. Following the completion of the transaction, the executive vice president now directly owns 17,583 shares in the company, valued at approximately $761,343.90. The disclosure for this sale can be found here. Insiders have sold a total of 8,100 shares of company stock worth $353,025 in the last three months. Insiders own 4.60% of the company’s stock.

About Greenbrier Companies, Inc. (The)

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.

Institutional Ownership by Quarter for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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