Atom Investors LP Cuts Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

Atom Investors LP decreased its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 85.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,741 shares of the transportation company’s stock after selling 124,374 shares during the period. Atom Investors LP owned approximately 0.07% of Greenbrier Companies worth $1,056,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GBX. Price T Rowe Associates Inc. MD lifted its stake in shares of Greenbrier Companies by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,522 shares of the transportation company’s stock worth $809,000 after acquiring an additional 1,088 shares in the last quarter. Comerica Bank raised its position in shares of Greenbrier Companies by 265.8% in the 1st quarter. Comerica Bank now owns 52,149 shares of the transportation company’s stock valued at $2,717,000 after purchasing an additional 37,892 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Greenbrier Companies by 270.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,019 shares of the transportation company’s stock valued at $1,041,000 after buying an additional 15,338 shares during the last quarter. Csenge Advisory Group acquired a new stake in shares of Greenbrier Companies during the second quarter worth approximately $441,000. Finally, Carolina Wealth Advisors LLC increased its stake in shares of Greenbrier Companies by 11.9% in the second quarter. Carolina Wealth Advisors LLC now owns 14,777 shares of the transportation company’s stock worth $732,000 after buying an additional 1,568 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insider Activity

In related news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the sale, the chief operating officer now directly owns 48,714 shares in the company, valued at $2,863,408.92. The trade was a 3.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total transaction of $86,056.00. Following the sale, the senior vice president now directly owns 32,388 shares of the company’s stock, valued at approximately $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 a total of 12,703 shares of company stock worth $790,338 over the last 90 days. 1.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on GBX. Susquehanna boosted their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Finally, Bank of America raised their target price on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.00.

Greenbrier Companies Stock Performance

Shares of GBX stock opened at $68.22 on Wednesday. The Greenbrier Companies, Inc. has a 12-month low of $38.12 and a 12-month high of $69.12. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. The business has a 50 day simple moving average of $58.74 and a 200 day simple moving average of $52.29. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87.

Greenbrier Companies (NYSE:GBX) last released 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. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company’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 business posted $0.92 earnings per share. On average, equities research analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

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

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.