Stifel Financial Corp Buys 1,614 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Stifel Financial Corp lifted its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 21.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,233 shares of the transportation company’s stock after acquiring an additional 1,614 shares during the period. Stifel Financial Corp’s holdings in Greenbrier Companies were worth $470,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Encompass Capital Advisors LLC acquired a new position in shares of Greenbrier Companies during the 2nd quarter worth about $19,820,000. Millennium Management LLC grew its holdings in Greenbrier Companies by 77.4% during the second quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock worth $7,146,000 after purchasing an additional 62,911 shares during the period. von Borstel & Associates Inc. acquired a new position in Greenbrier Companies during the third quarter worth approximately $1,823,000. Victory Capital Management Inc. raised its stake in Greenbrier Companies by 6.7% in the third 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, Hodges Capital Management Inc. lifted its position in shares of Greenbrier Companies by 45.6% in the second quarter. Hodges Capital Management Inc. now owns 100,800 shares of the transportation company’s stock valued at $4,995,000 after buying an additional 31,560 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the chief operating officer now owns 48,714 shares of the company’s stock, valued at $2,863,408.92. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ricardo Galvan sold 1,976 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $58.00, for a total transaction of $114,608.00. Following the completion of the transaction, the senior vice president now directly owns 33,776 shares in the company, valued at approximately $1,959,008. This represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock worth $790,338 in the last quarter. Corporate insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Susquehanna boosted their target price on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Bank of America upped their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.00.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $62.03 on Friday. The firm has a market cap of $1.95 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.97 and a beta of 1.53. The business’s 50 day moving average is $64.00 and its 200-day moving average is $53.91. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The Greenbrier Companies, Inc. has a 1-year low of $41.40 and a 1-year high of $69.12.

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 the consensus estimate of $1.32 by $0.60. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. Equities research analysts predict that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is currently 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.