Empowered Funds LLC Grows Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Empowered Funds LLC lifted its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 5.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 151,814 shares of the transportation company’s stock after buying an additional 7,638 shares during the quarter. Empowered Funds LLC’s holdings in Greenbrier Companies were worth $7,726,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GBX. Victory Capital Management Inc. grew its position in shares of Greenbrier Companies by 6.7% in the third quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after purchasing an additional 32,191 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Greenbrier Companies by 125.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company’s stock valued at $2,416,000 after buying an additional 26,457 shares during the period. VELA Investment Management LLC grew its holdings in Greenbrier Companies by 14.4% in the 3rd quarter. VELA Investment Management LLC now owns 150,295 shares of the transportation company’s stock valued at $7,649,000 after buying an additional 18,924 shares during the period. Galibier Capital Management Ltd. lifted its holdings in shares of Greenbrier Companies by 4.8% during the 3rd quarter. Galibier Capital Management Ltd. now owns 109,448 shares of the transportation company’s stock worth $5,570,000 after acquiring an additional 5,000 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Greenbrier Companies by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock worth $506,000 after acquiring an additional 363 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Trading Down 1.5 %

Shares of GBX stock opened at $65.13 on Friday. The Greenbrier Companies, Inc. has a fifty-two week low of $36.21 and a fifty-two week high of $67.22. The firm’s 50 day moving average price is $54.33 and its two-hundred day moving average price is $51.06. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51. 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 announced 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 net margin of 4.52% and a return on equity of 10.86%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. On average, analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.84%. Greenbrier Companies’s payout ratio is currently 24.14%.

Insider Buying and Selling

In other news, COO William J. Krueger sold 2,000 shares of the firm’s 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 sale, the chief operating officer now directly owns 48,714 shares in the company, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ricardo Galvan sold 4,950 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the completion of the transaction, the senior vice president now owns 27,472 shares in the company, valued at approximately $1,785,680. This trade represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,703 shares of company stock valued at $790,338. Corporate insiders own 2.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Susquehanna upped their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Finally, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies currently has an average rating of “Hold” and an average price target 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.