Quest Partners LLC Reduces Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Quest Partners LLC reduced its position in The Greenbrier Companies, Inc. (NYSE:GBX) by 97.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 576 shares of the transportation company’s stock after selling 21,409 shares during the period. Quest Partners LLC’s holdings in Greenbrier Companies were worth $29,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Chesapeake Capital Corp IL lifted its stake in Greenbrier Companies by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 5,454 shares of the transportation company’s stock valued at $273,000 after buying an additional 1,190 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Greenbrier Companies in the 3rd quarter valued at $32,000. Empowered Funds LLC raised its position in Greenbrier Companies by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 151,814 shares of the transportation company’s stock valued at $7,726,000 after purchasing an additional 7,638 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Greenbrier Companies by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock worth $26,154,000 after purchasing an additional 32,191 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Greenbrier Companies by 125.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company’s stock worth $2,416,000 after purchasing an additional 26,457 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Susquehanna increased their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Finally, Bank of America lifted their target price on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.00.

Greenbrier Companies Trading Down 0.1 %

NYSE GBX opened at $68.00 on Monday. The Greenbrier Companies, Inc. has a 52-week low of $36.97 and a 52-week high of $68.90. The firm has a 50-day moving average price of $58.04 and a 200 day moving average price of $52.06. The stock has a market capitalization of $2.13 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.98 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) 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. Equities research analysts expect that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s payout ratio is currently 24.14%.

Insider Activity at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 1,976 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the sale, the senior vice president now directly owns 33,776 shares in the company, valued at approximately $1,959,008. The trade was a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Krueger sold 2,000 shares of the 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 transaction, the chief operating officer now directly owns 48,714 shares in the company, valued at approximately $2,863,408.92. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is owned by 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.