The Greenbrier Companies, Inc. (NYSE:GBX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,245 shares of the transportation company's stock after selling 31,055 shares during the quarter. Bank of New York Mellon Corp owned about 1.01% of Greenbrier Companies worth $19,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Greenbrier Companies during the 4th quarter valued at about $26,000. Gladius Capital Management LP purchased a new stake in shares of Greenbrier Companies during the third quarter valued at approximately $32,000. KBC Group NV lifted its position in shares of Greenbrier Companies by 57.8% during the fourth quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock worth $89,000 after purchasing an additional 537 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Greenbrier Companies in the third quarter valued at $107,000. Finally, Westhampton Capital LLC acquired a new stake in Greenbrier Companies during the 4th quarter valued at $207,000. Institutional investors and hedge funds own 95.59% of the company's stock.

Greenbrier Companies Stock Down 0.1 %

Shares of GBX traded down $0.03 during trading on Wednesday, reaching $54.84. The company's stock had a trading volume of 81,382 shares, compared to its average volume of 427,934. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.80 and a beta of 1.62. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $61.57 and a two-hundred day moving average of $58.94. The Greenbrier Companies, Inc. has a twelve month low of $41.40 and a twelve month high of $71.06.

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Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm had revenue of $875.90 million for the quarter, compared to analysts' expectations of $849.51 million. During the same period in the prior year, the company posted $0.96 earnings per share. The firm's quarterly revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts predict that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. Greenbrier Companies's dividend payout ratio (DPR) is 20.94%.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted their price objective on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an "underperform" rating in a report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $63.00.

Insider Buying and Selling

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the transaction, the chief operating officer now owns 42,714 shares of the company's stock, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.78% of the company's stock.

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.