Kovitz Investment Group Partners LLC Boosts Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Kovitz Investment Group Partners LLC raised its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,388 shares of the transportation company's stock after buying an additional 16,680 shares during the period. Kovitz Investment Group Partners LLC owned about 0.37% of Greenbrier Companies worth $5,950,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in Greenbrier Companies during the second quarter worth approximately $25,000. GAMMA Investing LLC grew 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 buying an additional 207 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Greenbrier Companies during the 3rd quarter worth $32,000. NBC Securities Inc. purchased a new stake in Greenbrier Companies in the third quarter valued at $55,000. Finally, Meeder Asset Management Inc. acquired a new position in Greenbrier Companies in the second quarter valued at $67,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock traded up $0.28 during trading hours on Friday, hitting $67.49. 113,403 shares of the company were exchanged, compared to its average volume of 218,526. The business has a 50-day moving average of $59.80 and a 200-day moving average of $52.63. The Greenbrier Companies, Inc. has a 1 year low of $38.35 and a 1 year high of $69.12. 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 stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 1.98 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts expect that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. Greenbrier Companies's dividend payout ratio (DPR) is presently 24.14%.

Insider Activity

In other news, COO William J. Krueger sold 2,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 48,714 shares of the company's stock, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies 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 transaction, the senior vice president now owns 33,776 shares of the company's stock, 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. Insiders sold 12,703 shares of company stock worth $790,338 in the last 90 days. 1.78% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBX. StockNews.com cut Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 23rd. Susquehanna raised 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. Finally, Bank of America upped their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an "underperform" rating in a research report 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. Based on data from MarketBeat, Greenbrier Companies presently has an average rating of "Hold" and an average price target of $60.00.

About Greenbrier Companies

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.