The Greenbrier Companies, Inc. (NYSE:GBX) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 97.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 576 shares of the transportation company's stock after selling 21,409 shares during the period. Quest Partners LLC's holdings in Greenbrier Companies were worth $29,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in Greenbrier Companies during the second quarter valued at $25,000. GAMMA Investing LLC raised its position 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 valued at $28,000 after buying an additional 207 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Greenbrier Companies in the 3rd quarter valued at about $32,000. NBC Securities Inc. purchased a new position in Greenbrier Companies in the 3rd quarter worth approximately $55,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Greenbrier Companies during the 2nd quarter worth approximately $67,000. Hedge funds and other institutional investors own 95.59% of the company's stock.

Insiders Place Their Bets

In related news, SVP Ricardo Galvan sold 4,950 shares of Greenbrier Companies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.00, for a total transaction of $321,750.00. Following the sale, the senior vice president now directly owns 27,472 shares in the company, valued at $1,785,680. This trade represents a 15.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Krueger sold 2,000 shares of the business's stock in a transaction on 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 sale, the chief operating officer now directly owns 48,714 shares of the company's stock, valued at approximately $2,863,408.92. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on GBX shares. Susquehanna lifted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a "positive" rating in a research report on Monday, October 21st. StockNews.com lowered shares of Greenbrier Companies from a "hold" rating to a "sell" rating in a report 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 issued a buy rating to the company's stock. According to MarketBeat, Greenbrier Companies presently has an average rating of "Hold" and an average price target of $60.00.

Greenbrier Companies Stock Up 0.6 %

NYSE GBX traded up $0.41 on Monday, hitting $68.41. 229,599 shares of the stock were exchanged, compared to its average volume of 322,273. The Greenbrier Companies, Inc. has a fifty-two week low of $38.12 and a fifty-two week high of $69.12. The company has a 50-day moving average price of $58.39 and a 200-day moving average price of $52.17. 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 company has a market cap of $2.15 billion, a PE ratio of 13.76, a PEG ratio of 1.98 and a beta of 1.51.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its 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. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. Greenbrier Companies's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Sell-side analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

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