The Greenbrier Companies, Inc. (NYSE:GBX) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 1.2% in the third quarter, according to the company in its most recent 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 quarter. Fisher Asset Management LLC’s holdings in Greenbrier Companies were worth $25,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Greenbrier Companies by 60.9% during the 3rd 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 grew its holdings in shares of Greenbrier Companies by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock worth $846,000 after purchasing an additional 284 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Greenbrier Companies by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock worth $778,000 after purchasing an additional 300 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Greenbrier Companies by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock worth $506,000 after purchasing an additional 363 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Greenbrier Companies during the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Stock Down 0.1 %

NYSE GBX opened at $68.10 on Thursday. The stock has a market cap of $2.14 billion, a PE ratio of 13.70, a P/E/G ratio of 1.96 and a beta of 1.51. The Greenbrier Companies, Inc. has a fifty-two week low of $36.22 and a fifty-two week high of $68.90. The business has a 50 day moving average price of $57.36 and a two-hundred day moving average price of $51.87. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.

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

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend 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

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

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies 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 transaction, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. This represents a 5.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 48,714 shares in the company, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock valued at $790,338 in the last three months. Corporate insiders own 1.78% of the company’s stock.

Greenbrier Companies Company 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.