PDT Partners LLC Decreases Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

PDT Partners LLC reduced its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 41.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,929 shares of the transportation company's stock after selling 19,896 shares during the quarter. PDT Partners LLC owned about 0.09% of Greenbrier Companies worth $1,421,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Greenbrier Companies by 60.9% in the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company's stock valued at $28,000 after purchasing an additional 207 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Greenbrier Companies by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company's stock valued at $846,000 after purchasing an additional 284 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Greenbrier Companies by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company's stock worth $778,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Greenbrier Companies by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company's stock worth $506,000 after buying an additional 363 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Greenbrier Companies during the second quarter valued at $25,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO William J. Krueger sold 2,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the transaction, the chief operating officer now owns 48,714 shares in the company, valued at $2,863,408.92. This represents a 3.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ricardo Galvan sold 1,976 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $58.00, for a total transaction of $114,608.00. Following the completion of the transaction, the senior vice president now directly owns 33,776 shares in the company, valued at $1,959,008. This represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on GBX shares. Susquehanna lifted their price target on 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 lifted their target price on Greenbrier Companies from $42.00 to $50.00 and gave the stock an "underperform" rating in a report 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 investment analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $60.00.

Greenbrier Companies Stock Performance

Shares of NYSE GBX traded up $0.41 during midday trading on Monday, reaching $68.41. 229,599 shares of the stock were exchanged, compared to its average volume of 322,273. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.98 and a beta of 1.51. The firm has a 50-day simple moving average of $58.39 and a two-hundred day simple moving average of $52.17. The Greenbrier Companies, Inc. has a twelve month low of $38.12 and a twelve month high of $69.12.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.92 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. As a group, analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. Greenbrier Companies's payout ratio is 24.14%.

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.