PDT Partners LLC Sells 19,896 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

PDT Partners LLC reduced its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 41.6% during the third quarter, Holdings Channel.com reports. The firm owned 27,929 shares of the transportation company’s stock after selling 19,896 shares during the quarter. PDT Partners LLC’s holdings in Greenbrier Companies were worth $1,421,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of GBX. GAMMA Investing LLC boosted its position in shares of Greenbrier Companies by 60.9% in the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after purchasing an additional 207 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Greenbrier Companies by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock worth $846,000 after buying an additional 284 shares during the period. Louisiana State Employees Retirement System increased its stake in Greenbrier Companies by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock worth $778,000 after buying an additional 300 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Greenbrier Companies by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after acquiring an additional 363 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Greenbrier Companies in the second quarter valued at about $25,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the sale, the chief operating officer now owns 48,714 shares of the company’s stock, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ricardo Galvan sold 1,388 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the transaction, the senior vice president now directly owns 32,388 shares in the company, valued at approximately $2,008,056. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock worth $790,338 over the last quarter. Insiders own 1.78% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX opened at $68.00 on Monday. The firm has a fifty day simple moving average of $58.04 and a two-hundred day simple moving average of $52.06. The Greenbrier Companies, Inc. has a 52 week low of $36.97 and a 52 week high of $68.90. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $2.13 billion, a P/E ratio of 13.68, a PEG ratio of 1.98 and a beta of 1.51.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.60. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. On average, analysts expect that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s payout ratio is 24.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GBX. Bank of America lifted their target price on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. Susquehanna boosted their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Finally, StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a research note 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 currently has a consensus rating of “Hold” and a consensus price target of $60.00.

About Greenbrier Companies

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.