Victory Capital Management Inc. Cuts Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

Victory Capital Management Inc. cut its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 503,070 shares of the transportation company's stock after selling 10,868 shares during the period. Victory Capital Management Inc. owned 1.60% of Greenbrier Companies worth $30,682,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GBX. R Squared Ltd bought a new position in shares of Greenbrier Companies in the fourth quarter worth $26,000. Gladius Capital Management LP purchased a new stake in Greenbrier Companies during the 3rd quarter worth about $32,000. Smartleaf Asset Management LLC boosted its stake in Greenbrier Companies by 241.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company's stock worth $56,000 after purchasing an additional 644 shares during the period. KBC Group NV grew its holdings in Greenbrier Companies by 57.8% during the 4th quarter. KBC Group NV now owns 1,466 shares of the transportation company's stock valued at $89,000 after buying an additional 537 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Greenbrier Companies during the third quarter valued at about $107,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America raised their price objective 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $63.00.

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Insider Activity

In other news, COO William J. Krueger sold 2,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the transaction, the chief operating officer now directly owns 42,714 shares in the company, valued at approximately $2,699,951.94. This represents a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.78% of the company's stock.

Greenbrier Companies Price Performance

NYSE:GBX traded down $0.18 during trading hours on Wednesday, hitting $54.69. 21,320 shares of the company's stock traded hands, compared to its average volume of 426,659. The Greenbrier Companies, Inc. has a 52 week low of $41.40 and a 52 week high of $71.06. The business's fifty day simple moving average is $61.57 and its two-hundred day simple moving average is $58.94. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1.71 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.80 and a beta of 1.62.

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, beating analysts' consensus estimates of $1.16 by $0.56. The firm had revenue of $875.90 million during the quarter, compared to the consensus estimate of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. On average, research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Wednesday, January 29th. Greenbrier Companies's payout ratio is 20.94%.

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.