Geode Capital Management LLC Acquires 7,886 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Geode Capital Management LLC lifted its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 1.1% in the third quarter, Holdings Channel.com reports. The fund owned 711,931 shares of the transportation company’s stock after purchasing an additional 7,886 shares during the period. Geode Capital Management LLC’s holdings in Greenbrier Companies were worth $36,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBX. Canada Pension Plan Investment Board purchased a new position in Greenbrier Companies during the 2nd quarter valued at $25,000. GAMMA Investing LLC increased its position in shares of Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after buying an additional 207 shares during the period. Gladius Capital Management LP bought a new position in Greenbrier Companies in the third quarter worth about $32,000. NBC Securities Inc. purchased a new stake in Greenbrier Companies in the third quarter worth about $55,000. Finally, Meeder Asset Management Inc. bought a new stake in Greenbrier Companies during the 2nd quarter valued at approximately $67,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Up 1.4 %

GBX stock opened at $62.78 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average of $63.38 and a 200 day moving average of $53.70. The Greenbrier Companies, Inc. has a twelve month low of $41.40 and a twelve month high of $69.12. The firm has a market cap of $1.97 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.97 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Greenbrier Companies’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts forecast that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies’s payout ratio is 24.14%.

Insider Activity at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were 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 of the company’s stock, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the completion of the sale, the senior vice president now owns 32,388 shares of the company’s stock, valued at $2,008,056. This represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 over the last 90 days. Corporate insiders own 1.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Susquehanna raised their target price on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Bank of America raised their price objective on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.00.

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.