VELA Investment Management LLC Increases Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

VELA Investment Management LLC raised its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,295 shares of the transportation company’s stock after buying an additional 18,924 shares during the quarter. Greenbrier Companies accounts for approximately 2.4% of VELA Investment Management LLC’s holdings, making the stock its 5th biggest holding. VELA Investment Management LLC owned approximately 0.48% of Greenbrier Companies worth $7,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth about $25,000. GAMMA Investing LLC grew its holdings in shares of Greenbrier Companies by 60.9% in the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after purchasing an additional 207 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Greenbrier Companies in the 3rd quarter worth about $55,000. Meeder Asset Management Inc. bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth about $67,000. Finally, Innealta Capital LLC bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth about $82,000. Institutional investors own 95.59% of the company’s stock.

Insider Buying and Selling 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 transaction, the chief operating officer now directly owns 50,714 shares in the company, valued at approximately $3,191,939.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction that occurred 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 transaction, the chief operating officer now owns 50,714 shares of the company’s stock, valued at $3,191,939.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the transaction, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,753 shares of company stock worth $351,028. Company insiders own 2.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GBX shares. Bank of America upped their target price on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. Susquehanna upped their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Finally, StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two 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 presently has an average rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Price Performance

NYSE GBX traded down $0.33 on Friday, hitting $58.94. 299,987 shares of the company were exchanged, compared to its average volume of 327,657. The firm has a 50 day moving average of $50.94 and a two-hundred day moving average of $50.19. The company has a market cap of $1.85 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.50 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 $35.36 and a 1-year high of $63.45.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.04%. Greenbrier Companies’s payout ratio is presently 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.