The Greenbrier Companies, Inc. (NYSE:GBX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,895 shares of the transportation company's stock after selling 7,551 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Greenbrier Companies worth $5,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of GBX. International Assets Investment Management LLC grew its holdings in shares of Greenbrier Companies by 4,988.9% in the third quarter. International Assets Investment Management LLC now owns 23,460 shares of the transportation company's stock worth $11,940,000 after purchasing an additional 22,999 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Greenbrier Companies by 3.8% in the third 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 in the last quarter. Galibier Capital Management Ltd. boosted its stake in Greenbrier Companies by 4.8% in the third quarter. Galibier Capital Management Ltd. now owns 109,448 shares of the transportation company's stock valued at $5,570,000 after acquiring an additional 5,000 shares in the last quarter. VELA Investment Management LLC increased its position in Greenbrier Companies by 14.4% during the 3rd quarter. VELA Investment Management LLC now owns 150,295 shares of the transportation company's stock valued at $7,649,000 after buying an additional 18,924 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Greenbrier Companies by 125.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company's stock valued at $2,416,000 after purchasing an additional 26,457 shares during the last quarter. Institutional investors own 95.59% of the company's stock.

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Analyst Ratings Changes

Separately, Bank of America boosted their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a research report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.00.

Greenbrier Companies Trading Up 1.9 %

GBX stock traded up $1.05 during midday trading on Friday, hitting $56.13. 350,721 shares of the company's stock were exchanged, compared to its average volume of 450,439. The stock has a market capitalization of $1.76 billion, a PE ratio of 9.79, a P/E/G ratio of 0.80 and a beta of 1.52. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The Greenbrier Companies, Inc. has a 1-year low of $41.40 and a 1-year high of $71.06. The business has a 50-day simple moving average of $62.60 and a two-hundred day simple moving average of $58.45.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.56. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. During the same period in the prior year, the firm earned $0.96 earnings per share. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, January 29th. Greenbrier Companies's dividend payout ratio (DPR) is 20.94%.

Insider Transactions at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the transaction, the chief operating officer now owns 42,714 shares of the company's stock, valued at approximately $2,699,951.94. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.78% of the company's stock.

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.