Hennion & Walsh Asset Management Inc. Reduces Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Hennion & Walsh Asset Management Inc. decreased its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 3.6% in the third quarter, Holdings Channel.com reports. The firm owned 6,901 shares of the transportation company’s stock after selling 258 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Greenbrier Companies were worth $351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in shares of Greenbrier Companies by 4,988.9% in the 3rd quarter. International Assets Investment Management LLC now owns 23,460 shares of the transportation company’s stock worth $11,940,000 after purchasing an additional 22,999 shares during the period. nVerses Capital LLC purchased a new position in shares of Greenbrier Companies in the 3rd quarter worth approximately $102,000. von Borstel & Associates Inc. purchased a new position in shares of Greenbrier Companies in the 3rd quarter worth approximately $1,823,000. NBC Securities Inc. purchased a new position in shares of Greenbrier Companies in the 3rd quarter worth approximately $55,000. Finally, GAMMA Investing LLC boosted its holdings in Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 207 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Analyst Upgrades and Downgrades

GBX has been the subject of a number of recent analyst reports. StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Bank of America boosted their price objective on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. Finally, Susquehanna boosted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, Greenbrier Companies has an average rating of “Hold” and an average target price of $60.00.

Greenbrier Companies Trading Down 1.5 %

Shares of NYSE GBX opened at $61.27 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $50.18 and a two-hundred day simple moving average of $50.00. The firm has a market cap of $1.92 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.63 and a beta of 1.53. The Greenbrier Companies, Inc. has a twelve month low of $32.86 and a twelve month high of $63.45.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.60. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. Greenbrier Companies’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. Analysts expect that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, November 6th. Greenbrier Companies’s payout ratio is 24.14%.

Insider Transactions at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 1,388 shares of the business’s stock in a transaction on Monday, October 28th. The stock was 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 directly owns 32,388 shares of the company’s stock, valued at approximately $2,008,056. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.54% of the company’s stock.

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.