Olstein Capital Management Lowers stake in Greenbrier Companies Inc (GBX)

Greenbrier Companies Inc (GBX) : Olstein Capital Management reduced its stake in Greenbrier Companies Inc by 9.56% during the most recent quarter end. The investment management company now holds a total of 524,620 shares of Greenbrier Companies Inc which is valued at $17,464,600 after selling 55,459 shares in Greenbrier Companies Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Greenbrier Companies Inc makes up approximately 2.23% of Olstein Capital Management’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in GBX by selling 4,302 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 1,936,751 shares of GBX which is valued at $64,474,441. Greenbrier Companies Inc makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.California State Teachers Retirement System boosted its stake in GBX in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 56,883 shares of Greenbrier Companies Inc which is valued at $1,814,568.Public Employees Retirement Association Of Colorado reduced its stake in GBX by selling 509 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 8,227 shares of GBX which is valued at $270,092.Northpointe Capital boosted its stake in GBX in the latest quarter, The investment management firm added 1,616 additional shares and now holds a total of 13,158 shares of Greenbrier Companies Inc which is valued at $415,135. Greenbrier Companies Inc makes up approx 0.05% of Northpointe Capital’s portfolio.

Greenbrier Companies Inc closed down -0.35 points or -1.09% at $31.85 with 4,10,718 shares getting traded on Wednesday. Post opening the session at $32.26, the shares hit an intraday low of $31.75 and an intraday high of $32.895 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Greenbrier Companies Inc reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 6, 2016. Analyst had a consensus of $1.08. The company had revenue of $612.90 million for the quarter, compared to analysts expectations of $601.12 million. The company’s revenue was down -14.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.49 EPS.

Many Wall Street Analysts have commented on Greenbrier Companies Inc. Shares were Reiterated by Cowen on Jul 7, 2016 to “Outperform” and Lowered the Price Target to $ 35 from a previous price target of $37 .Greenbrier Companies Inc was Downgraded by Longbow to ” Neutral” on Jun 20, 2016.

The Greenbrier Companies Inc. (Greenbrier) formerly Greenbrier Co Inc. is a designer manufacturer and marketer of railroad freight car equipment in North America and Europe a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services railcar refurbishment and parts leasing and other services. The Company’s Manufacturing segment produces double-stack intermodal railcars conventional railcars tank cars and marine vessels. The Wheel Services Refurbishment & Parts segment performs wheel axle and bearing servicing; railcar repair refurbishment and maintenance activities and production and reconditioning of a range of parts for the railroad industry in North America. The Leasing & Services segment owns approximately 11000 railcars and provides management services for approximately 219000 railcars for railroads shippers carriers institutional investors and other leasing and transportation companies in North America.

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