12,547 Shares in The Greenbrier Companies, Inc. (NYSE:GBX) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 12,547 shares of the transportation company's stock, valued at approximately $639,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Centiva Capital LP acquired a new position in Greenbrier Companies in the third quarter worth approximately $408,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Greenbrier Companies during the 3rd quarter worth $107,000. Verition Fund Management LLC bought a new position in shares of Greenbrier Companies during the 3rd quarter valued at $1,210,000. De Lisle Partners LLP lifted its stake in shares of Greenbrier Companies by 36.3% in the 3rd quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company's stock valued at $4,777,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Greenbrier Companies in the third quarter worth $1,038,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock traded down $0.78 during trading on Thursday, reaching $66.98. The company's stock had a trading volume of 258,276 shares, compared to its average volume of 319,065. The business's fifty day moving average price is $61.22 and its 200-day moving average price is $53.07. The Greenbrier Companies, Inc. has a one year low of $38.85 and a one year high of $69.12. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.96 and a beta of 1.53. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.60. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.92 earnings per share. As a group, 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 business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.20 annualized dividend and a yield of 1.79%. Greenbrier Companies's dividend payout ratio is 24.14%.

Insider Transactions at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the transaction, the chief operating officer now directly owns 48,714 shares of the company's stock, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ricardo Galvan sold 1,388 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on GBX. StockNews.com lowered Greenbrier Companies from a "hold" rating to a "sell" rating in a report on Friday, August 23rd. 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. Finally, Bank of America increased their price target on 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 assigned a buy rating to the company. According to data from MarketBeat.com, Greenbrier Companies presently has an average rating of "Hold" and an average price target of $60.00.

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.