Geode Capital Management LLC Purchases 7,886 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Geode Capital Management LLC grew its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 711,931 shares of the transportation company’s stock after purchasing an additional 7,886 shares during the quarter. Geode Capital Management LLC owned about 2.27% of Greenbrier Companies worth $36,237,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GBX. Canada Pension Plan Investment Board bought a new position in Greenbrier Companies in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC boosted 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 acquiring an additional 207 shares during the period. Gladius Capital Management LP purchased a new position in shares of Greenbrier Companies in the third quarter valued at $32,000. NBC Securities Inc. bought a new stake in shares of Greenbrier Companies during the 3rd quarter valued at $55,000. Finally, Meeder Asset Management Inc. purchased a new stake in Greenbrier Companies during the 2nd quarter worth about $67,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Up 1.4 %

GBX stock opened at $62.78 on Thursday. The company’s 50 day moving average is $63.38 and its 200 day moving average is $53.70. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.97 and a beta of 1.53. 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 Greenbrier Companies, Inc. has a 1-year low of $41.40 and a 1-year high of $69.12.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS 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 analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies’s payout ratio is currently 24.14%.

Insider Activity

In related news, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction on Monday, October 28th. The shares were 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 $3,191,939.16. This trade represents a 4.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ricardo Galvan sold 1,976 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $58.00, for a total transaction of $114,608.00. Following the sale, the senior vice president now owns 33,776 shares of the company’s stock, valued at approximately $1,959,008. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GBX has been the topic of several analyst reports. Bank of America upped their price target on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, October 24th. Susquehanna increased their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Greenbrier Companies presently has an average rating of “Hold” and an average target price of $60.00.

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.