Public Employees Retirement Association of Colorado Trims Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Public Employees Retirement Association of Colorado lessened its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 9.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,438 shares of the transportation company’s stock after selling 468 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Greenbrier Companies were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBX. Hexagon Capital Partners LLC purchased a new stake in Greenbrier Companies in the 1st quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new stake in Greenbrier Companies during the second quarter worth $67,000. Tradewinds Capital Management LLC acquired a new stake in Greenbrier Companies during the first quarter valued at $78,000. Innealta Capital LLC purchased a new position in Greenbrier Companies in the second quarter valued at $82,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Greenbrier Companies in the first quarter worth about $206,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $302,210.20. Following the completion of the sale, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.54% of the company’s stock.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $50.04 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The firm has a market cap of $1.56 billion, a PE ratio of 13.10, a PEG ratio of 0.62 and a beta of 1.53. The Greenbrier Companies, Inc. has a one year low of $32.00 and a one year high of $58.00. The firm has a fifty day moving average of $47.78 and a 200 day moving average of $49.78.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Monday, July 8th. The transportation company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The company had revenue of $820.20 million for the quarter, compared to analysts’ expectations of $928.73 million. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. As a group, research analysts predict that The Greenbrier Companies, Inc. will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.40%. Greenbrier Companies’s payout ratio is currently 31.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies presently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

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.