Fisher Asset Management LLC Lowers Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Fisher Asset Management LLC trimmed its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,289 shares of the transportation company’s stock after selling 5,977 shares during the period. Fisher Asset Management LLC owned approximately 1.60% of Greenbrier Companies worth $25,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Greenbrier Companies by 60.9% in the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after buying an additional 207 shares during the last quarter. SummerHaven Investment Management LLC grew its position 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 valued at $846,000 after buying an additional 284 shares during the last quarter. Louisiana State Employees Retirement System grew its position 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 valued at $778,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Greenbrier Companies by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after buying an additional 363 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Greenbrier Companies during the 2nd quarter worth $25,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the business’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 transaction, the chief operating officer now owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ricardo Galvan sold 4,950 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.00, for a total transaction of $321,750.00. Following the completion of the transaction, the senior vice president now directly owns 27,472 shares of the company’s stock, valued at $1,785,680. The trade was a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 in the last 90 days. 1.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GBX has been the topic of several research analyst reports. Susquehanna boosted their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Finally, Bank of America boosted their target price on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.00.

Greenbrier Companies Trading Down 0.1 %

NYSE:GBX opened at $68.10 on Thursday. The company has a market capitalization of $2.14 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.51. 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 Greenbrier Companies, Inc. has a 52-week low of $36.22 and a 52-week high of $68.90. The stock has a fifty day simple moving average of $57.36 and a 200-day simple moving average of $51.87.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.60. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. On average, equities research 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 declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.14%.

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.