Harbor Capital Advisors Inc. Purchases 26,457 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Harbor Capital Advisors Inc. raised its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 125.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,476 shares of the transportation company's stock after purchasing an additional 26,457 shares during the quarter. Harbor Capital Advisors Inc. owned 0.15% of Greenbrier Companies worth $2,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GBX. Canada Pension Plan Investment Board acquired a new position in shares of Greenbrier Companies during the 2nd quarter valued at $25,000. GAMMA Investing LLC lifted its holdings in Greenbrier Companies by 60.9% in the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company's stock worth $28,000 after purchasing an additional 207 shares during the period. NBC Securities Inc. bought a new position in Greenbrier Companies during the third quarter valued at about $55,000. Meeder Asset Management Inc. acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at $67,000. Finally, Innealta Capital LLC purchased a new stake in Greenbrier Companies in the 2nd quarter worth about $82,000. Institutional investors and hedge funds own 95.59% of the company's stock.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies 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 completion of the transaction, the chief operating officer now owns 50,714 shares in the company, valued at $3,191,939.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO William J. Krueger sold 2,389 shares of the firm's stock in a transaction that occurred 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 owns 50,714 shares in the company, valued at approximately $3,191,939.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,753 shares of company stock valued at $468,588. 2.54% of the stock is owned by insiders.

Greenbrier Companies Price Performance

GBX stock traded up $2.92 during mid-day trading on Tuesday, hitting $62.09. The stock had a trading volume of 440,621 shares, compared to its average volume of 327,857. The Greenbrier Companies, Inc. has a 52 week low of $35.36 and a 52 week high of $63.45. The firm has a market capitalization of $1.95 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.49 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. The firm has a fifty day simple moving average of $51.47 and a 200 day simple moving average of $50.31.

Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The company's revenue was up 1.4% on a year-over-year basis. As a group, research analysts forecast that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 1.93%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies's dividend payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

Several research firms have commented on GBX. Susquehanna increased 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, October 21st. 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. Finally, StockNews.com lowered Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 23rd. Two research 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 presently has an average rating of "Hold" and a consensus target price of $60.00.

Greenbrier Companies 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.