Verition Fund Management LLC Makes New Investment in The Greenbrier Companies, Inc. (NYSE:GBX)

Verition Fund Management LLC purchased a new stake in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,782 shares of the transportation company's stock, valued at approximately $1,210,000. Verition Fund Management LLC owned 0.08% of Greenbrier Companies as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new position in Greenbrier Companies in the 2nd quarter worth about $25,000. GAMMA Investing LLC lifted its holdings in shares of Greenbrier Companies by 60.9% in the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company's stock worth $28,000 after buying an additional 207 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Greenbrier Companies in the third quarter valued at approximately $32,000. NBC Securities Inc. purchased a new position in Greenbrier Companies during the third quarter valued at approximately $55,000. Finally, Meeder Asset Management Inc. bought a new stake in Greenbrier Companies during the 2nd quarter worth approximately $67,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

Shares of NYSE:GBX traded up $0.28 during trading on Friday, reaching $67.49. The company had a trading volume of 113,403 shares, compared to its average volume of 218,526. The company has a fifty day moving average of $59.80 and a two-hundred day moving average of $52.64. 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 P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.98 and a beta of 1.53. The Greenbrier Companies, Inc. has a 12 month low of $38.35 and a 12 month high of $69.12.

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

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies's dividend payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

Several brokerages have commented on GBX. Susquehanna raised their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a "positive" rating in a report on Monday, October 21st. StockNews.com lowered 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 research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, Greenbrier Companies presently has an average rating of "Hold" and a consensus price target of $60.00.

Insiders Place Their Bets

In other news, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares in the company, valued at approximately $3,191,939.16. The trade was a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ricardo Galvan sold 1,976 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the sale, 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 a total of 12,703 shares of company stock valued at $790,338 over the last quarter. 1.78% of the stock is owned by corporate insiders.

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.