Amalgamated Bank Sells 274 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Amalgamated Bank decreased its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 2.9% during the third quarter, Holdings Channel reports. The firm owned 9,217 shares of the transportation company’s stock after selling 274 shares during the quarter. Amalgamated Bank’s holdings in Greenbrier Companies were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBX. Harbor Capital Advisors Inc. lifted its holdings in shares of Greenbrier Companies by 125.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company’s stock valued at $2,416,000 after buying an additional 26,457 shares during the period. VELA Investment Management LLC grew its holdings in shares of Greenbrier Companies by 14.4% in the third quarter. VELA Investment Management LLC now owns 150,295 shares of the transportation company’s stock worth $7,649,000 after acquiring an additional 18,924 shares during the period. Galibier Capital Management Ltd. increased its position in Greenbrier Companies by 4.8% during the third quarter. Galibier Capital Management Ltd. now owns 109,448 shares of the transportation company’s stock valued at $5,570,000 after acquiring an additional 5,000 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Greenbrier Companies by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after acquiring an additional 363 shares during the period. Finally, Tectonic Advisors LLC boosted its position in Greenbrier Companies by 40.6% in the third quarter. Tectonic Advisors LLC now owns 30,578 shares of the transportation company’s stock worth $1,556,000 after purchasing an additional 8,835 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GBX. Bank of America upped their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, October 24th. Susquehanna increased their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Finally, StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to 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 Greenbrier Companies news, COO William J. Krueger sold 2,389 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.94, for a total transaction of $150,363.66. Following the completion of the sale, the chief operating officer now directly owns 50,714 shares of the company’s stock, valued at $3,191,939.16. This trade represents a 4.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ricardo Galvan sold 4,950 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $65.00, for a total transaction of $321,750.00. Following the sale, the senior vice president now owns 27,472 shares in the company, valued at approximately $1,785,680. The trade was a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock valued at $790,338 over the last ninety days. 2.54% of the stock is currently owned by company insiders.

Greenbrier Companies Trading Down 1.5 %

Shares of NYSE:GBX opened at $65.13 on Friday. The stock has a 50 day moving average of $54.33 and a 200 day moving average of $51.06. The company has a market cap of $2.04 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51. The Greenbrier Companies, Inc. has a 12-month low of $36.21 and a 12-month high of $67.22. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping 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 net margin of 4.52% and a return on equity of 10.86%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, equities research analysts expect that The Greenbrier Companies, Inc. will post 5.2 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. Shareholders of record on Wednesday, November 6th will be paid 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 1.84%. Greenbrier Companies’s payout ratio is presently 24.14%.

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.