Legacy Capital Group California Inc. Sells 204 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Legacy Capital Group California Inc. trimmed its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,179 shares of the transportation company’s stock after selling 204 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Greenbrier Companies were worth $264,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Greenbrier Companies in the 1st quarter worth about $590,000. First Hawaiian Bank bought a new stake in shares of Greenbrier Companies during the 2nd quarter valued at about $801,000. ClariVest Asset Management LLC grew its stake in shares of Greenbrier Companies by 118,372.2% during the 1st quarter. ClariVest Asset Management LLC now owns 21,325 shares of the transportation company’s stock valued at $1,111,000 after purchasing an additional 21,307 shares during the period. Hodges Capital Management Inc. bought a new stake in shares of Greenbrier Companies during the 1st quarter valued at about $3,608,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Greenbrier Companies during the 1st quarter valued at about $3,840,000. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Trading Up 1.9 %

Shares of NYSE:GBX opened at $61.15 on Friday. The stock has a 50 day moving average of $49.58 and a 200 day moving average of $49.93. The company has a market cap of $1.90 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. 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 Greenbrier Companies, Inc. has a 12-month low of $32.20 and a 12-month high of $61.54.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.60. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. As a group, equities research analysts expect that The Greenbrier Companies, Inc. will post 4.35 EPS for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.96%. Greenbrier Companies’s dividend payout ratio is presently 31.41%.

Insider Buying and Selling

In related news, SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GBX shares. Susquehanna boosted their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Bank of America boosted their price target on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday. Finally, StockNews.com downgraded 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 issued a buy rating to the stock. Based on data from MarketBeat, Greenbrier Companies currently has an average rating of “Hold” and a consensus target price of $60.00.

About Greenbrier Companies

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.