Legacy Capital Group California Inc. Decreases Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Legacy Capital Group California Inc. trimmed its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 3.8% during the 3rd quarter, Holdings Channel reports. The fund owned 5,179 shares of the transportation company’s stock after selling 204 shares during the period. Legacy Capital Group California Inc.’s holdings in Greenbrier Companies were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after acquiring an additional 207 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Greenbrier Companies by 1.5% during the 1st 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 raised its holdings in Greenbrier Companies by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock valued at $846,000 after buying an additional 284 shares during the period. Louisiana State Employees Retirement System raised its holdings in Greenbrier Companies by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock valued at $778,000 after buying an additional 300 shares during the period. Finally, Texas Permanent School Fund Corp raised its holdings in Greenbrier Companies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock valued at $1,418,000 after buying an additional 356 shares during the period. 95.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Greenbrier Companies

In other news, SVP Laurie R. Dornan sold 5,935 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the transaction, the senior vice president now owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.54% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock opened at $61.15 on Friday. The stock’s fifty day moving average is $49.58 and its two-hundred day moving average is $49.93. The company has a market capitalization of $1.90 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The Greenbrier Companies, Inc. has a 52 week low of $32.20 and a 52 week high of $61.54.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating the consensus estimate 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 return on equity of 8.95% and a net margin of 3.51%. Greenbrier Companies’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, analysts expect that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, November 6th. Greenbrier Companies’s payout ratio is 31.41%.

Analysts Set New Price Targets

GBX has been the topic of several recent research reports. Bank of America increased their price target on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday. 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. Finally, StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.00.

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.