Public Sector Pension Investment Board Has $3.36 Million Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Public Sector Pension Investment Board lessened its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 3.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 66,092 shares of the transportation company’s stock after selling 2,400 shares during the period. Public Sector Pension Investment Board owned 0.21% of Greenbrier Companies worth $3,363,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GBX. Encompass Capital Advisors LLC bought a new stake in Greenbrier Companies in the second quarter valued at about $19,820,000. Hennessy Advisors Inc. bought a new stake in shares of Greenbrier Companies in the 2nd quarter valued at about $8,126,000. Galibier Capital Management Ltd. acquired a new stake in shares of Greenbrier Companies in the 2nd quarter valued at approximately $5,175,000. Millennium Management LLC boosted its stake in Greenbrier Companies by 77.4% during the 2nd quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock worth $7,146,000 after acquiring an additional 62,911 shares during the last quarter. Finally, Comerica Bank grew its holdings in Greenbrier Companies by 265.8% during the first 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 during the period. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

GBX opened at $68.22 on Wednesday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 1.99 and a beta of 1.53. The business’s 50-day moving average price is $58.74 and its two-hundred day moving average price is $52.29. The Greenbrier Companies, Inc. has a 1 year low of $38.12 and a 1 year high of $69.12. 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 earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.32 by $0.60. The firm had revenue of $1.05 billion for 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 business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. Equities analysts expect that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GBX shares. Susquehanna boosted their price target 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. Bank of America increased their price target on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. Finally, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.00.

Insider Transactions at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,388 shares of the business’s 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 transaction, the senior vice president now owns 32,388 shares of the company’s stock, valued at $2,008,056. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the transaction, the chief operating officer now owns 48,714 shares in the company, valued at approximately $2,863,408.92. The trade was a 3.94 % 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 in the last three months. 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.