NBC Securities Inc. Makes New Investment in The Greenbrier Companies, Inc. (NYSE:GBX)

NBC Securities Inc. purchased a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,088 shares of the transportation company’s stock, valued at approximately $55,000.

Several other hedge funds also recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Greenbrier Companies by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock valued at $80,111,000 after purchasing an additional 18,552 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Greenbrier Companies during the second quarter valued at about $19,820,000. LSV Asset Management lifted its stake in shares of Greenbrier Companies by 12.9% in the second quarter. LSV Asset Management now owns 246,233 shares of the transportation company’s stock valued at $12,201,000 after buying an additional 28,100 shares during the period. Hennessy Advisors Inc. acquired a new stake in Greenbrier Companies during the second quarter worth about $8,126,000. Finally, Millennium Management LLC increased its stake in Greenbrier Companies by 77.4% during the second quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock valued at $7,146,000 after acquiring an additional 62,911 shares during the period. 95.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Insider Transactions at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total value of $302,210.20. Following the sale, the senior vice president now owns 23,226 shares of the company’s stock, valued at $1,182,667.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.54% of the stock is currently owned by insiders.

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock opened at $52.09 on Monday. The firm has a market cap of $1.62 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The firm’s 50-day simple moving average is $48.61 and its 200-day simple moving average is $49.81. The Greenbrier Companies, Inc. has a twelve month low of $32.00 and a twelve month high of $58.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.30%. Greenbrier Companies’s dividend payout ratio is currently 31.41%.

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.