Creative Planning Lowers Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Creative Planning trimmed its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 20.1% in the third quarter, HoldingsChannel reports. The firm owned 22,753 shares of the transportation company’s stock after selling 5,711 shares during the quarter. Creative Planning’s holdings in Greenbrier Companies were worth $1,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Greenbrier Companies during the 1st quarter valued at $256,000. Commonwealth Equity Services LLC increased its holdings in Greenbrier Companies by 1.5% during the first quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock worth $801,000 after buying an additional 224 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Greenbrier Companies in the first quarter valued at about $590,000. Central Pacific Bank Trust Division bought a new position in shares of Greenbrier Companies during the 1st quarter valued at approximately $538,000. Finally, Texas Permanent School Fund Corp grew its position in shares of Greenbrier Companies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock valued at $1,418,000 after acquiring an additional 356 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Insider Activity at Greenbrier Companies

In other news, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.94, for a total value of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares of the company’s stock, valued at approximately $3,191,939.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Ricardo Galvan sold 1,976 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the sale, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO William J. Krueger sold 2,389 shares of Greenbrier Companies 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 sale, the chief operating officer now owns 50,714 shares of the company’s stock, valued at approximately $3,191,939.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,753 shares of company stock valued at $351,028. Corporate insiders own 2.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GBX shares. StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Bank of America upped their price target on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, October 24th. Finally, Susquehanna increased their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.00.

Greenbrier Companies Stock Down 2.3 %

Greenbrier Companies stock opened at $59.30 on Friday. The firm has a 50 day simple moving average of $50.72 and a 200 day simple moving average of $50.14. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The Greenbrier Companies, Inc. has a 1-year low of $33.61 and a 1-year high of $63.45. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.63 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.60. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts predict that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.02%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 24.14%.

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.