GAMMA Investing LLC Boosts Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

GAMMA Investing LLC grew its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 60.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 547 shares of the transportation company’s stock after buying an additional 207 shares during the quarter. GAMMA Investing LLC’s holdings in Greenbrier Companies were worth $28,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Greenbrier Companies during the second quarter worth about $25,000. Hexagon Capital Partners LLC acquired a new position in Greenbrier Companies during the 1st quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in Greenbrier Companies during the 2nd quarter worth approximately $67,000. Tradewinds Capital Management LLC acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at approximately $78,000. Finally, Innealta Capital LLC purchased a new stake in shares of Greenbrier Companies in the second quarter valued at approximately $82,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Trading Down 1.0 %

Shares of Greenbrier Companies stock opened at $52.09 on Friday. The company has a 50-day moving average of $48.61 and a two-hundred day moving average of $49.85. The Greenbrier Companies, Inc. has a 12-month low of $32.00 and a 12-month high of $58.00. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.62 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53.

Greenbrier Companies Announces Dividend

The company also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 2.30%. Greenbrier Companies’s dividend payout ratio is presently 31.41%.

Insiders Place Their Bets

In other news, SVP Laurie R. Dornan sold 5,935 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total value of $302,210.20. Following the completion of the transaction, the senior vice president now owns 23,226 shares in the company, valued at $1,182,667.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.67.

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.