Victory Capital Management Inc. Grows Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Victory Capital Management Inc. lifted its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 513,938 shares of the transportation company's stock after acquiring an additional 32,191 shares during the period. Victory Capital Management Inc. owned 1.64% of Greenbrier Companies worth $26,154,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in shares of Greenbrier Companies in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in 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. NBC Securities Inc. acquired a new position in Greenbrier Companies in the 3rd quarter valued at $55,000. Meeder Asset Management Inc. purchased a new position in Greenbrier Companies during the 2nd quarter worth $67,000. Finally, Innealta Capital LLC acquired a new stake in shares of Greenbrier Companies in the 2nd quarter worth $82,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 4,950 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the sale, the senior vice president now owns 27,472 shares of the company's stock, valued at approximately $1,785,680. This represents a 15.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Krueger sold 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the sale, the chief operating officer now owns 48,714 shares in the company, valued at approximately $2,863,408.92. This trade 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 valued at $790,338 in the last 90 days. 2.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GBX. StockNews.com cut shares of Greenbrier Companies from a "hold" rating to a "sell" rating in a report on Friday, August 23rd. Bank of America increased 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. Finally, Susquehanna lifted their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a "positive" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $60.00.

Greenbrier Companies Price Performance

GBX stock traded up $0.07 during trading on Monday, reaching $65.20. 154,971 shares of the company were exchanged, compared to its average volume of 326,281. The Greenbrier Companies, Inc. has a 52-week low of $36.22 and a 52-week high of $67.22. 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 company has a market cap of $2.04 billion, a P/E ratio of 13.10, a PEG ratio of 1.89 and a beta of 1.51. The stock's 50 day moving average price is $54.33 and its 200 day moving average price is $51.08.

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

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies's dividend payout ratio is currently 24.14%.

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.