The Greenbrier Companies, Inc. (NYSE:GBX) Holdings Raised by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 40.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,578 shares of the transportation company's stock after purchasing an additional 8,835 shares during the quarter. Tectonic Advisors LLC owned approximately 0.10% of Greenbrier Companies worth $1,556,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Hexagon Capital Partners LLC acquired a new stake in Greenbrier Companies during the first quarter worth about $26,000. Canada Pension Plan Investment Board acquired a new stake in Greenbrier Companies during the second quarter worth about $25,000. GAMMA Investing LLC raised its stake in Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company's stock worth $28,000 after acquiring an additional 207 shares during the period. NBC Securities Inc. acquired a new stake in Greenbrier Companies during the third quarter worth about $55,000. Finally, Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies during the second quarter worth about $67,000. Institutional investors and hedge funds own 95.59% of the company's stock.

Insider Buying and Selling

In related news, SVP Laurie R. Dornan sold 5,935 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total value of $302,210.20. Following the completion of the sale, the senior vice president now owns 23,226 shares in the company, valued at approximately $1,182,667.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.54% of the stock is currently owned by insiders.

Greenbrier Companies Price Performance

NYSE:GBX traded up $1.12 during trading hours on Friday, reaching $61.15. 710,510 shares of the company's stock were exchanged, compared to its average volume of 324,638. The company has a market capitalization of $1.90 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The Greenbrier Companies, Inc. has a 12 month low of $32.20 and a 12 month high of $61.54. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The business's 50-day simple moving average is $49.58 and its two-hundred day simple moving average is $49.93.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.60. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.05 billion. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Sell-side analysts expect that The Greenbrier Companies, Inc. will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, November 6th. Greenbrier Companies's payout ratio is 31.41%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GBX shares. Bank of America upped their target price on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an "underperform" rating in a research report on Thursday. Susquehanna upped their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a "positive" rating in a research report on Monday. Finally, StockNews.com cut shares of Greenbrier Companies from a "hold" rating to a "sell" rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.