Amalgamated Bank Decreases Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Amalgamated Bank lowered its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,217 shares of the transportation company’s stock after selling 274 shares during the period. Amalgamated Bank’s holdings in Greenbrier Companies were worth $469,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GBX. Harbor Capital Advisors Inc. raised its stake in shares of Greenbrier Companies by 125.9% during the third quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company’s stock valued at $2,416,000 after acquiring an additional 26,457 shares during the last quarter. VELA Investment Management LLC increased its holdings in Greenbrier Companies by 14.4% during the 3rd quarter. VELA Investment Management LLC now owns 150,295 shares of the transportation company’s stock valued at $7,649,000 after purchasing an additional 18,924 shares during the period. Galibier Capital Management Ltd. raised its position in Greenbrier Companies by 4.8% during the 3rd quarter. Galibier Capital Management Ltd. now owns 109,448 shares of the transportation company’s stock valued at $5,570,000 after purchasing an additional 5,000 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Greenbrier Companies by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after purchasing an additional 363 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in Greenbrier Companies by 40.6% in the 3rd quarter. Tectonic Advisors LLC now owns 30,578 shares of the transportation company’s stock worth $1,556,000 after buying an additional 8,835 shares during the period. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Price Performance

GBX opened at $65.13 on Friday. 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 company has a market cap of $2.04 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51. The stock has a fifty day simple moving average of $54.33 and a two-hundred day simple moving average of $51.06. The Greenbrier Companies, Inc. has a 12-month low of $36.21 and a 12-month high of $67.22.

Greenbrier Companies (NYSE:GBX) last released its 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. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $0.92 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Research analysts predict that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business 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. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. Greenbrier Companies’s dividend payout ratio is currently 24.14%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna boosted their target price on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Finally, Bank of America raised their target price on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. 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 stock currently has an average rating of “Hold” and a consensus target price of $60.00.

Insider Buying and Selling

In other Greenbrier Companies news, COO William J. Krueger sold 2,389 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the sale, the chief operating officer now directly owns 50,714 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the transaction, the senior vice president now owns 32,388 shares of the company’s stock, valued at $2,008,056. The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock worth $790,338 in the last 90 days. Insiders own 2.54% of the company’s stock.

Greenbrier Companies 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.