Tidal Investments LLC Grows Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Tidal Investments LLC lifted its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 27.9% in the 3rd quarter, Holdings Channel reports. The firm owned 5,454 shares of the transportation company’s stock after acquiring an additional 1,190 shares during the period. Tidal Investments LLC’s holdings in Greenbrier Companies were worth $278,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Greenbrier Companies by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock worth $36,237,000 after buying an additional 7,886 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Greenbrier Companies by 216.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 319,094 shares of the transportation company’s stock worth $16,239,000 after acquiring an additional 218,294 shares during the last quarter. XTX Topco Ltd purchased a new position in Greenbrier Companies in the third quarter worth $296,000. Kovitz Investment Group Partners LLC increased its stake in Greenbrier Companies by 16.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 117,388 shares of the transportation company’s stock valued at $5,950,000 after acquiring an additional 16,680 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Greenbrier Companies by 21.2% during the third quarter. Stifel Financial Corp now owns 9,233 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 1,614 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Stock Up 1.4 %

Shares of Greenbrier Companies stock opened at $62.78 on Wednesday. The company’s 50 day moving average price is $63.16 and its 200-day moving average price is $53.62. The Greenbrier Companies, Inc. has a 52-week low of $41.40 and a 52-week high of $69.12. 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 $1.97 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.97 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. The firm had revenue of $1.05 billion for 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 company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. Equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.2 EPS 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 annualized dividend and a yield of 1.91%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 24.14%.

Insider Transactions at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the sale, the senior vice president now owns 32,388 shares in the company, valued at $2,008,056. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 50,714 shares of the company’s stock, valued at $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 three months, insiders have sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GBX shares. Susquehanna increased their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Bank of America lifted their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, Greenbrier Companies presently has a consensus rating of “Hold” and an average target price of $60.00.

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.