Central Pacific Bank Trust Division Sells 476 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Central Pacific Bank Trust Division reduced its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,967 shares of the transportation company’s stock after selling 476 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Greenbrier Companies were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GBX. International Assets Investment Management LLC grew its position in shares of Greenbrier Companies by 4,988.9% during the 3rd quarter. International Assets Investment Management LLC now owns 23,460 shares of the transportation company’s stock worth $11,940,000 after buying an additional 22,999 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Greenbrier Companies by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock worth $80,111,000 after acquiring an additional 18,552 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of Greenbrier Companies during the 2nd quarter valued at $19,820,000. De Lisle Partners LLP lifted its stake in shares of 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. Finally, Millennium Management LLC boosted its position in shares of Greenbrier Companies by 77.4% in the 2nd quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock worth $7,146,000 after purchasing an additional 62,911 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock opened at $61.94 on Friday. The Greenbrier Companies, Inc. has a 12 month low of $41.40 and a 12 month high of $69.12. 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 company has a market capitalization of $1.94 billion, a PE ratio of 12.46, a PEG ratio of 1.97 and a beta of 1.53. The stock’s fifty day simple moving average is $64.60 and its 200 day simple moving average is $54.29.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $0.92 EPS. Greenbrier Companies’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is 24.14%.

Insider Buying and Selling

In related news, COO William J. Krueger sold 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction 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. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the completion of the sale, the senior vice president now directly owns 32,388 shares in the company, valued at approximately $2,008,056. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock worth $790,338 over the last ninety days. Company insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

GBX has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Bank of America upped their price target on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.00.

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.