12,618 Shares in The Greenbrier Companies, Inc. (NYSE:GBX) Acquired by Petrus Trust Company LTA

Petrus Trust Company LTA bought a new position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,618 shares of the transportation company's stock, valued at approximately $642,000.

A number of other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 207 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Greenbrier Companies by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company's stock worth $846,000 after purchasing an additional 284 shares during the period. Louisiana State Employees Retirement System raised its holdings in Greenbrier Companies by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company's stock worth $778,000 after purchasing an additional 300 shares during the period. Nisa Investment Advisors LLC raised its holdings in Greenbrier Companies by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company's stock worth $506,000 after purchasing an additional 363 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Greenbrier Companies in the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 95.59% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Bank of America upped their price target on Greenbrier Companies from $42.00 to $50.00 and gave the stock an "underperform" rating in a report on Thursday, October 24th. StockNews.com cut Greenbrier Companies from a "hold" rating to a "sell" rating in a report on Friday, August 23rd. Finally, Susquehanna upped their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a "positive" rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $60.00.

Insider Activity at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 1,976 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the sale, the senior vice president now owns 33,776 shares of the company's stock, valued at approximately $1,959,008. This trade represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William J. Krueger sold 2,389 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.94, for a total value of $150,363.66. Following the completion of the sale, 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 4.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is currently owned by insiders.

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock traded down $1.04 during mid-day trading on Thursday, reaching $67.21. 258,554 shares of the stock traded hands, compared to its average volume of 320,739. The business has a 50-day moving average of $59.45 and a 200 day moving average of $52.50. The Greenbrier Companies, Inc. has a fifty-two week low of $38.12 and a fifty-two week high of $69.12. The stock has a market capitalization of $2.11 billion, a PE ratio of 13.52, a PEG ratio of 1.98 and a beta of 1.53. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.60. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business's revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The business 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 of this dividend was Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.79%. Greenbrier Companies's dividend payout ratio is presently 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.