PDT Partners LLC Trims Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

PDT Partners LLC lessened its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 41.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,929 shares of the transportation company’s stock after selling 19,896 shares during the period. PDT Partners LLC owned 0.09% of Greenbrier Companies worth $1,421,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GBX. Canada Pension Plan Investment Board purchased a new stake in shares of Greenbrier Companies during the 2nd quarter valued at $25,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 207 shares in the last quarter. Gladius Capital Management LP bought a new stake in Greenbrier Companies during the third quarter worth about $32,000. NBC Securities Inc. purchased a new position in shares of Greenbrier Companies in the 3rd quarter worth about $55,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Greenbrier Companies during the 2nd quarter valued at about $67,000. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

NYSE:GBX opened at $68.00 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. The Greenbrier Companies, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $68.90. The firm has a market cap of $2.13 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.98 and a beta of 1.51. The business has a 50 day moving average price of $58.04 and a 200-day moving average price of $52.06.

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, beating the consensus estimate of $1.32 by $0.60. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. Equities research analysts predict that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.20 annualized dividend and a yield of 1.76%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.14%.

Analyst Ratings Changes

A number of research firms recently weighed in on GBX. 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 research report on Thursday, October 24th. 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. Finally, StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note 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 has a consensus rating of “Hold” and an average target price of $60.00.

Insider Transactions at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 4,950 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.00, for a total value of $321,750.00. Following the completion of the sale, the senior vice president now directly owns 27,472 shares in the company, valued at $1,785,680. This trade represents a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares in the company, valued at $3,191,939.16. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,703 shares of company stock valued at $790,338. Company 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.