Brighton Jones LLC Sells 2,668 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Brighton Jones LLC cut its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,652 shares of the transportation company’s stock after selling 2,668 shares during the quarter. Brighton Jones LLC’s holdings in Greenbrier Companies were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GBX. Hsbc Holdings PLC grew its position in Greenbrier Companies by 44.6% in the second quarter. Hsbc Holdings PLC now owns 6,075 shares of the transportation company’s stock worth $300,000 after acquiring an additional 1,875 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Greenbrier Companies in the 2nd quarter worth about $25,000. Public Sector Pension Investment Board increased its position in shares of Greenbrier Companies by 7.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 68,492 shares of the transportation company’s stock valued at $3,394,000 after purchasing an additional 4,756 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Greenbrier Companies during the 2nd quarter valued at about $902,000. Finally, Squarepoint Ops LLC bought a new stake in Greenbrier Companies in the 2nd quarter worth approximately $1,555,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Ricardo Galvan sold 4,950 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 27,472 shares in the company, valued at $1,785,680. This represents a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the chief operating officer now owns 48,714 shares in the company, valued at approximately $2,863,408.92. This trade represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,727 shares of company stock worth $675,730. 1.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on GBX. Bank of America lifted their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research note on Thursday, January 9th. Susquehanna increased their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. 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, the stock currently has an average rating of “Hold” and a consensus price target of $63.00.

Greenbrier Companies Stock Performance

NYSE:GBX opened at $70.69 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The Greenbrier Companies, Inc. has a fifty-two week low of $41.40 and a fifty-two week high of $71.06. The firm has a market cap of $2.22 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54. The business has a 50 day moving average price of $65.25 and a 200-day moving average price of $55.94.

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

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, January 29th. Greenbrier Companies’s payout ratio is 20.94%.

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.