Louisiana State Employees Retirement System Reduces Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Louisiana State Employees Retirement System decreased its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,100 shares of the transportation company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Greenbrier Companies were worth $768,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC grew its position 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 valued at $28,000 after purchasing an additional 207 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Greenbrier Companies by 1.5% during the first quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock valued at $801,000 after buying an additional 224 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Greenbrier Companies by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock worth $846,000 after buying an additional 284 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Greenbrier Companies by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock valued at $1,418,000 after acquiring an additional 356 shares during the period. Finally, ProShare Advisors LLC grew its stake in Greenbrier Companies by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,169 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 423 shares in the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $62.94, for a total transaction of $150,363.66. Following the completion of the sale, the chief operating officer now directly owns 50,714 shares in the company, valued at $3,191,939.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies stock in a transaction 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 transaction, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.94, for a total transaction of $150,363.66. Following the sale, the chief operating officer now owns 50,714 shares of the company’s stock, valued at $3,191,939.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,753 shares of company stock valued at $468,588. Insiders own 2.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GBX shares. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Bank of America increased their price objective on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Finally, Susquehanna boosted their target price on Greenbrier Companies from $63.00 to $65.00 and gave the stock 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 issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.00.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $59.17 on Tuesday. The Greenbrier Companies, Inc. has a one year low of $35.36 and a one year high of $63.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.49 and a beta of 1.50. The company’s fifty day moving average price is $51.18 and its 200-day moving average price is $50.24.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.60. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates 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 previous year, the company posted $0.92 earnings per share. On average, equities research analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm 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 of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.03%. Greenbrier Companies’s dividend payout ratio (DPR) is 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.