Public Sector Pension Investment Board Sells 2,400 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Public Sector Pension Investment Board lowered its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 3.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,092 shares of the transportation company’s stock after selling 2,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Greenbrier Companies were worth $3,363,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. De Lisle Partners LLP boosted its holdings in 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 period. Quantbot Technologies LP bought a new stake in shares of Greenbrier Companies in the third quarter valued at approximately $1,038,000. Horizon Kinetics Asset Management LLC grew its position in Greenbrier Companies by 112.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 16,050 shares of the transportation company’s stock worth $817,000 after buying an additional 8,500 shares in the last quarter. Truvestments Capital LLC increased its stake in Greenbrier Companies by 15.5% during the 3rd quarter. Truvestments Capital LLC now owns 66,480 shares of the transportation company’s stock worth $3,383,000 after acquiring an additional 8,916 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Greenbrier Companies by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company’s stock valued at $32,006,000 after acquiring an additional 2,536 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Greenbrier Companies Stock Down 0.3 %

Shares of NYSE GBX opened at $68.22 on Wednesday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.99 and a beta of 1.53. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The Greenbrier Companies, Inc. has a 12 month low of $38.12 and a 12 month high of $69.12. The stock has a 50-day moving average price of $58.74 and a two-hundred day moving average price of $52.29.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.60. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts forecast that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

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

Insiders Place Their Bets

In other news, SVP Ricardo Galvan sold 1,976 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the transaction, the senior vice president now owns 33,776 shares of the company’s stock, valued at $1,959,008. This represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the chief operating officer now owns 48,714 shares in the company, valued at approximately $2,863,408.92. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,703 shares of company stock valued at $790,338 in the last 90 days. Corporate insiders own 1.78% of the company’s stock.

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.