The Greenbrier Companies, Inc. (NYSE:GBX) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 125.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,476 shares of the transportation company’s stock after acquiring an additional 26,457 shares during the quarter. Harbor Capital Advisors Inc. owned 0.15% of Greenbrier Companies worth $2,416,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in Greenbrier Companies during the 2nd quarter worth about $25,000. GAMMA Investing LLC increased its stake in Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after buying an additional 207 shares during the period. NBC Securities Inc. purchased a new position in shares of Greenbrier Companies during the 3rd quarter valued at approximately $55,000. Meeder Asset Management Inc. bought a new position in Greenbrier Companies during the 2nd quarter valued at $67,000. Finally, Innealta Capital LLC acquired a new position in Greenbrier Companies in the second quarter worth about $82,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Trading Up 0.4 %

NYSE GBX opened at $59.17 on Tuesday. The firm has a market cap of $1.85 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.49 and a beta of 1.50. The Greenbrier Companies, Inc. has a one year low of $35.36 and a one year high of $63.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The stock’s 50-day moving average is $51.18 and its 200-day moving average is $50.24.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.03%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.14%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GBX. Susquehanna increased their target price on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. 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. Finally, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies has a consensus rating of “Hold” and a consensus target price of $60.00.

Insider Buying and Selling at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the company’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 transaction, the chief operating officer now owns 48,714 shares in the company, valued at approximately $2,863,408.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO William J. Krueger sold 2,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now owns 48,714 shares in the company, valued at $2,863,408.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,753 shares of company stock valued at $468,588. 2.54% of the stock is currently owned by company insiders.

Greenbrier Companies 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.