VELA Investment Management LLC Purchases 18,924 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

VELA Investment Management LLC grew its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 14.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,295 shares of the transportation company's stock after buying an additional 18,924 shares during the quarter. Greenbrier Companies accounts for about 2.4% of VELA Investment Management LLC's portfolio, making the stock its 5th largest holding. VELA Investment Management LLC owned about 0.48% of Greenbrier Companies worth $7,649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GBX. Hennion & Walsh Asset Management Inc. bought a new position in shares of Greenbrier Companies in the 1st quarter worth $256,000. Commonwealth Equity Services LLC boosted its stake in Greenbrier Companies by 1.5% during the first quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company's stock valued at $801,000 after buying an additional 224 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Greenbrier Companies in the first quarter valued at approximately $590,000. Central Pacific Bank Trust Division purchased a new position in Greenbrier Companies in the first quarter worth $538,000. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Greenbrier Companies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company's stock worth $1,418,000 after purchasing an additional 356 shares in the last quarter. Institutional investors own 95.59% of the company's stock.

Insider Activity

In related news, COO William J. Krueger sold 2,389 shares of the 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 completion of the transaction, the chief operating officer now directly owns 50,714 shares of the company's stock, valued at approximately $3,191,939.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO William J. Krueger sold 2,389 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $62.94, for a total transaction of $150,363.66. Following the completion of the sale, the chief operating officer now directly owns 50,714 shares in the company, valued at approximately $3,191,939.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the transaction, the senior vice president now directly owns 32,388 shares of the company's stock, valued at approximately $2,008,056. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,753 shares of company stock worth $351,028 over the last three months. 2.54% of the stock is currently owned by corporate insiders.

Greenbrier Companies Price Performance

Shares of NYSE GBX traded down $0.33 during mid-day trading on Friday, hitting $58.94. 299,987 shares of the company's stock traded hands, compared to its average volume of 327,657. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The Greenbrier Companies, Inc. has a 1 year low of $35.36 and a 1 year high of $63.45. The company has a market capitalization of $1.85 billion, a P/E ratio of 11.86, a PEG ratio of 0.50 and a beta of 1.50. The company's 50-day moving average is $50.94 and its two-hundred day moving average is $50.19.

Greenbrier Companies (NYSE:GBX - Get Free Report) 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. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.92 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.04%. Greenbrier Companies's dividend payout ratio is presently 24.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GBX shares. Susquehanna boosted their target price on Greenbrier Companies from $63.00 to $65.00 and gave the company a "positive" rating in a research note on Monday, October 21st. StockNews.com lowered shares of Greenbrier Companies from a "hold" rating to a "sell" rating in a research note on Friday, August 23rd. Finally, Bank of America lifted their price objective on Greenbrier Companies from $42.00 to $50.00 and gave the company an "underperform" rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.