Quantbot Technologies LP Buys New Shares in The Greenbrier Companies, Inc. (NYSE:GBX)

Quantbot Technologies LP purchased a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,398 shares of the transportation company’s stock, valued at approximately $1,038,000. Quantbot Technologies LP owned 0.07% of Greenbrier Companies as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GBX. Canada Pension Plan Investment Board acquired a new position in Greenbrier Companies during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC raised its stake 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 valued at $28,000 after purchasing an additional 207 shares in the last quarter. Gladius Capital Management LP acquired a new stake in Greenbrier Companies during the third quarter valued at approximately $32,000. NBC Securities Inc. bought a new position in shares of Greenbrier Companies in the 3rd quarter worth about $55,000. Finally, Meeder Asset Management Inc. acquired a new position in Greenbrier Companies in the second quarter valued at approximately $67,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Stock Down 0.1 %

Shares of Greenbrier Companies stock opened at $68.00 on Friday. The Greenbrier Companies, Inc. has a 12-month low of $36.97 and a 12-month high of $68.90. The firm has a market capitalization of $2.13 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.98 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock’s fifty day moving average is $58.04 and its 200-day moving average is $52.07.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.60. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. Equities analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s payout ratio is 24.14%.

Insider Buying and Selling at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 1,976 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the transaction, the senior vice president now owns 33,776 shares in the company, valued at $1,959,008. This represents a 5.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Krueger sold 2,389 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was 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 of the company’s stock, valued at $3,191,939.16. This trade represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock valued at $790,338 in the last three months. 1.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GBX has been the topic of several analyst reports. Susquehanna raised their target price on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, October 21st. StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Finally, Bank of America upped their target price on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.00.

About Greenbrier Companies

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.