VELA Investment Management LLC Lowers Position in The Greenbrier Companies, Inc. (NYSE:GBX)

VELA Investment Management LLC trimmed its position in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,217 shares of the transportation company's stock after selling 50,078 shares during the period. Greenbrier Companies makes up approximately 1.7% of VELA Investment Management LLC's investment portfolio, making the stock its 6th largest holding. VELA Investment Management LLC owned 0.32% of Greenbrier Companies worth $6,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new position in shares of Greenbrier Companies during the 4th quarter worth approximately $26,000. Gladius Capital Management LP bought a new position in Greenbrier Companies in the third quarter valued at $32,000. KBC Group NV increased its stake in Greenbrier Companies by 57.8% in 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Greenbrier Companies during the 3rd quarter worth about $107,000. Finally, Westhampton Capital LLC acquired a new position in shares of Greenbrier Companies during the 4th quarter worth about $207,000. 95.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $63.21, for a total transaction of $126,420.00. Following the completion of the sale, the chief operating officer now owns 42,714 shares of the company's stock, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.78% of the company's stock.

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Analysts Set New Price Targets

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

Greenbrier Companies Stock Performance

NYSE GBX traded down $0.42 on Tuesday, hitting $53.74. 307,396 shares of the stock were exchanged, compared to its average volume of 442,159. The company has a market capitalization of $1.69 billion, a PE ratio of 9.40, a P/E/G ratio of 0.80 and a beta of 1.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The business's fifty day moving average is $62.45 and its 200 day moving average is $58.60. The Greenbrier Companies, Inc. has a 52 week low of $41.40 and a 52 week high of $71.06.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to the consensus estimate of $849.51 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. Greenbrier Companies's revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, January 29th. Greenbrier Companies's dividend payout ratio (DPR) is presently 20.94%.

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.