Horizon Kinetics Asset Management LLC Boosts Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Horizon Kinetics Asset Management LLC lifted its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 112.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,050 shares of the transportation company's stock after acquiring an additional 8,500 shares during the period. Horizon Kinetics Asset Management LLC owned 0.05% of Greenbrier Companies worth $817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Encompass Capital Advisors LLC bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth about $19,820,000. Hennessy Advisors Inc. bought a new stake in Greenbrier Companies in the second quarter worth about $8,126,000. Galibier Capital Management Ltd. purchased a new position in shares of Greenbrier Companies during the second quarter valued at approximately $5,175,000. SG Capital Management LLC bought a new position in shares of Greenbrier Companies during the first quarter valued at approximately $4,594,000. Finally, Millennium Management LLC grew its stake in shares of Greenbrier Companies by 77.4% during the second quarter. Millennium Management LLC now owns 144,221 shares of the transportation company's stock valued at $7,146,000 after buying an additional 62,911 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GBX shares. StockNews.com downgraded Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 23rd. Susquehanna upped their price target on shares of 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 raised 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 research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $60.00.

Insider Transactions at Greenbrier Companies

In related news, 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 value of $150,363.66. Following the transaction, the chief operating officer now directly owns 50,714 shares of the company's stock, valued at $3,191,939.16. This represents a 4.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ricardo Galvan sold 4,950 shares of Greenbrier Companies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the sale, the senior vice president now directly owns 27,472 shares of the company's stock, valued at approximately $1,785,680. This represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 in the last quarter. 1.78% of the stock is currently owned by corporate insiders.

Greenbrier Companies Stock Up 0.9 %

Shares of GBX traded up $0.59 during trading hours on Tuesday, hitting $68.20. The company had a trading volume of 345,430 shares, compared to its average volume of 324,387. The Greenbrier Companies, Inc. has a one year low of $36.22 and a one year high of $68.39. The company's fifty day moving average price is $57.00 and its two-hundred day moving average price is $51.75. The company has a market capitalization of $2.14 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.60. The business 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 was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. As a group, equities analysts forecast that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. Greenbrier Companies's dividend payout ratio is presently 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.