Gladius Capital Management LP Invests $32,000 in The Greenbrier Companies, Inc. (NYSE:GBX)

Gladius Capital Management LP purchased a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 630 shares of the transportation company’s stock, valued at approximately $32,000.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Greenbrier Companies by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 151,814 shares of the transportation company’s stock worth $7,726,000 after buying an additional 7,638 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Greenbrier Companies by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after acquiring an additional 32,191 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Greenbrier Companies by 125.9% during the third quarter. Harbor Capital Advisors Inc. now owns 47,476 shares of the transportation company’s stock worth $2,416,000 after purchasing an additional 26,457 shares during the last quarter. VELA Investment Management LLC boosted its holdings in Greenbrier Companies by 14.4% in the third quarter. VELA Investment Management LLC now owns 150,295 shares of the transportation company’s stock worth $7,649,000 after purchasing an additional 18,924 shares during the period. Finally, Galibier Capital Management Ltd. increased its stake in Greenbrier Companies by 4.8% during the third quarter. Galibier Capital Management Ltd. now owns 109,448 shares of the transportation company’s stock valued at $5,570,000 after purchasing an additional 5,000 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Greenbrier Companies

In other news, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the completion of the sale, the chief operating officer now owns 50,714 shares in the company, valued at $3,191,939.16. This represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the transaction, the senior vice president now directly owns 32,388 shares of the company’s stock, valued at $2,008,056. This represents a 4.11 % 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 valued at $790,338. Company insiders own 2.54% of the company’s stock.

Greenbrier Companies Stock Down 1.5 %

GBX opened at $65.13 on Friday. The stock’s 50 day moving average price is $54.33 and its 200 day moving average price is $51.06. 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 stock has a market cap of $2.04 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.89 and a beta of 1.51. The Greenbrier Companies, Inc. has a 12 month low of $36.21 and a 12 month high of $67.22.

Greenbrier Companies (NYSE:GBX) last released 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. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, research analysts predict that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The business also recently declared 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 is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. Greenbrier Companies’s dividend payout ratio (DPR) is 24.14%.

Wall Street Analysts Forecast Growth

GBX has been the topic of several research reports. Bank of America increased 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. StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Finally, Susquehanna upped their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.