Truvestments Capital LLC Raises Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Truvestments Capital LLC increased its stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 15.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,480 shares of the transportation company's stock after acquiring an additional 8,916 shares during the period. Greenbrier Companies comprises approximately 0.9% of Truvestments Capital LLC's portfolio, making the stock its 28th largest position. Truvestments Capital LLC owned about 0.21% of Greenbrier Companies worth $3,383,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Greenbrier Companies by 60.9% during 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. SummerHaven Investment Management LLC raised its position in Greenbrier Companies by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company's stock valued at $846,000 after purchasing an additional 284 shares during the last quarter. Louisiana State Employees Retirement System lifted 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 buying an additional 300 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Greenbrier Companies by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company's stock valued at $506,000 after buying an additional 363 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Greenbrier Companies during the second quarter valued at approximately $25,000. Institutional investors own 95.59% of the company's stock.

Insider Transactions at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 4,950 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 27,472 shares of the company's stock, valued at $1,785,680. The trade was a 15.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Krueger sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was 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 owns 48,714 shares in the company, valued at $2,863,408.92. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock worth $790,338 over the last quarter. 1.78% of the stock is currently owned by insiders.

Greenbrier Companies Stock Up 1.4 %

Shares of Greenbrier Companies stock traded up $0.96 during midday trading on Monday, hitting $67.61. The company had a trading volume of 272,836 shares, compared to its average volume of 324,295. The Greenbrier Companies, Inc. has a 52-week low of $36.22 and a 52-week high of $68.24. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. The stock has a market capitalization of $2.12 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.94 and a beta of 1.51. The company has a 50 day moving average of $56.24 and a 200 day moving average of $51.55.

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

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies's payout ratio is 24.14%.

Analysts Set New Price Targets

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