Charles Schwab Investment Management Inc. Raises Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Charles Schwab Investment Management Inc. increased its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 628,923 shares of the transportation company’s stock after purchasing an additional 2,536 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.01% of Greenbrier Companies worth $32,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new position in Greenbrier Companies in the second quarter worth approximately $25,000. GAMMA Investing LLC raised its position in 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 acquiring an additional 207 shares during the period. Gladius Capital Management LP bought a new position in Greenbrier Companies in the third quarter worth approximately $32,000. NBC Securities Inc. bought a new position in Greenbrier Companies in the third quarter worth approximately $55,000. Finally, Meeder Asset Management Inc. bought a new position in Greenbrier Companies in the second quarter worth approximately $67,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies 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 completion of the transaction, the chief operating officer now directly owns 48,714 shares of the company’s stock, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the completion of the transaction, the senior vice president now directly 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. In the last ninety days, insiders have sold 12,703 shares of company stock worth $790,338. Insiders own 1.78% of the company’s stock.

Analyst Ratings Changes

GBX has been the topic of several recent analyst reports. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Bank of America raised their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, October 24th. Finally, Susquehanna raised their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Greenbrier Companies currently has an average rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Stock Performance

Shares of NYSE GBX opened at $68.22 on Wednesday. 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 $2.14 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.99 and a beta of 1.53. The firm’s fifty day moving average is $58.74 and its two-hundred day moving average is $52.29. The Greenbrier Companies, Inc. has a 52-week low of $38.12 and a 52-week high of $69.12.

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

Greenbrier Companies Announces Dividend

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

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.