Franklin Resources Inc. Boosts Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Franklin Resources Inc. grew its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,858 shares of the transportation company’s stock after buying an additional 562 shares during the period. Franklin Resources Inc. owned 0.06% of Greenbrier Companies worth $990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Greenbrier Companies by 27.9% in the third quarter. Tidal Investments LLC now owns 5,454 shares of the transportation company’s stock valued at $278,000 after acquiring an additional 1,190 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Greenbrier Companies by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock valued at $36,237,000 after purchasing an additional 7,886 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Greenbrier Companies by 216.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 319,094 shares of the transportation company’s stock worth $16,239,000 after purchasing an additional 218,294 shares during the period. XTX Topco Ltd acquired a new stake in Greenbrier Companies during the 3rd quarter worth approximately $296,000. Finally, Kovitz Investment Group Partners LLC raised its holdings in Greenbrier Companies by 16.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 117,388 shares of the transportation company’s stock valued at $5,950,000 after buying an additional 16,680 shares during the period. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Greenbrier Companies 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 transaction of $321,750.00. Following the sale, the senior vice president now owns 27,472 shares in the company, valued at $1,785,680. This represents a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total transaction of $150,363.66. Following the completion of the transaction, the chief operating officer now directly owns 50,714 shares of the company’s stock, valued at approximately $3,191,939.16. This represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is currently owned by insiders.

Greenbrier Companies Trading Down 1.9 %

NYSE GBX opened at $62.03 on Friday. The company’s fifty day simple moving average is $64.00 and its 200-day simple moving average is $53.93. The stock has a market cap of $1.95 billion, a P/E ratio of 12.48, a PEG ratio of 1.97 and a beta of 1.53. The Greenbrier Companies, Inc. has a 52 week low of $41.40 and a 52 week high of $69.12. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating 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 company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s payout ratio is 24.14%.

Analysts Set New Price Targets

Several research firms have issued reports on GBX. Bank of America boosted their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, October 24th. Susquehanna increased their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.