Pathstone Holdings LLC Reduces Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Pathstone Holdings LLC lessened its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 2.5% in the 3rd quarter, Holdings Channel reports. The fund owned 35,607 shares of the transportation company’s stock after selling 905 shares during the quarter. Pathstone Holdings LLC’s holdings in Greenbrier Companies were worth $1,812,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GBX. Chesapeake Capital Corp IL grew its stake in shares of Greenbrier Companies by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 5,454 shares of the transportation company’s stock valued at $273,000 after buying an additional 1,190 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Greenbrier Companies in the 3rd quarter valued at approximately $32,000. Empowered Funds LLC grew its stake in shares of Greenbrier Companies by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 151,814 shares of the transportation company’s stock valued at $7,726,000 after buying an additional 7,638 shares during the period. Victory Capital Management Inc. grew its stake in shares of Greenbrier Companies by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after buying an additional 32,191 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Greenbrier Companies by 125.9% in 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. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Insider Buying and Selling

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total transaction of $86,056.00. Following the sale, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. This represents a 4.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO William J. Krueger sold 2,389 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.94, for a total transaction of $150,363.66. Following the sale, the chief operating officer now owns 50,714 shares in the company, valued at approximately $3,191,939.16. This trade represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,703 shares of company stock valued at $790,338. Company insiders own 1.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GBX. Susquehanna increased their price target on shares of 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 increased their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. 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 investment 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 currently has a consensus rating of “Hold” and a consensus target price of $60.00.

Greenbrier Companies Stock Performance

NYSE:GBX opened at $68.10 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. The stock has a market capitalization of $2.14 billion, a P/E ratio of 13.70, a PEG ratio of 1.96 and a beta of 1.51. The company has a 50 day moving average price of $57.36 and a 200 day moving average price of $51.87. The Greenbrier Companies, Inc. has a fifty-two week low of $36.22 and a fifty-two week high of $68.90.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data 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 firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. Greenbrier Companies’s payout ratio is currently 24.14%.

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.