King Luther Capital Management Corp Sells 1,250 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

King Luther Capital Management Corp trimmed its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,100 shares of the transportation company’s stock after selling 1,250 shares during the quarter. King Luther Capital Management Corp’s holdings in Greenbrier Companies were worth $494,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Hodges Capital Management Inc. raised its stake in Greenbrier Companies by 216.6% in the third quarter. Hodges Capital Management Inc. now owns 319,094 shares of the transportation company’s stock valued at $16,239,000 after purchasing an additional 218,294 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Greenbrier Companies in the 4th quarter valued at approximately $6,274,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $2,527,000. Victory Capital Management Inc. boosted its position in shares of Greenbrier Companies by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock worth $26,154,000 after acquiring an additional 32,191 shares in the last quarter. Finally, De Lisle Partners LLP increased its stake in Greenbrier Companies by 36.3% in the third quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company’s stock valued at $4,777,000 after acquiring an additional 25,000 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the transaction, the chief operating officer now owns 42,714 shares of the company’s stock, valued at $2,699,951.94. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.78% of the company’s stock.

Greenbrier Companies Trading Down 0.8 %

Shares of Greenbrier Companies stock opened at $54.38 on Friday. The firm’s 50 day moving average is $61.31 and its 200 day moving average is $58.88. The firm has a market capitalization of $1.71 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62. The Greenbrier Companies, Inc. has a 1 year low of $41.40 and a 1 year high of $71.06. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm had revenue of $875.90 million for the quarter, compared to analysts’ expectations of $849.51 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a $0.30 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. Greenbrier Companies’s payout ratio is presently 20.94%.

Analysts Set New Price Targets

Separately, Bank of America raised their target price on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.00.

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.