Royal Fund Management LLC Sells 93,986 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Royal Fund Management LLC trimmed its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 59.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,220 shares of the transportation company’s stock after selling 93,986 shares during the period. Royal Fund Management LLC owned approximately 0.21% of Greenbrier Companies worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in GBX. Hsbc Holdings PLC increased its holdings in Greenbrier Companies by 44.6% during the 2nd quarter. Hsbc Holdings PLC now owns 6,075 shares of the transportation company’s stock worth $300,000 after acquiring an additional 1,875 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Greenbrier Companies in the 2nd quarter valued at $484,000. Canada Pension Plan Investment Board purchased a new stake in Greenbrier Companies during the second quarter valued at about $25,000. Public Sector Pension Investment Board grew its position in Greenbrier Companies by 7.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 68,492 shares of the transportation company’s stock worth $3,394,000 after acquiring an additional 4,756 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Greenbrier Companies in the second quarter worth approximately $902,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GBX has been the topic of a number of research analyst reports. Susquehanna boosted 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. Bank of America lifted their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies presently has an average rating of “Hold” and a consensus price target of $63.00.

Greenbrier Companies Price Performance

Shares of GBX opened at $66.85 on Tuesday. The Greenbrier Companies, Inc. has a twelve month low of $41.40 and a twelve month high of $69.12. The company has a market capitalization of $2.10 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The firm has a 50 day moving average of $64.99 and a 200 day moving average of $55.43. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company had revenue of $875.90 million during the quarter, compared to the consensus estimate of $849.51 million. During the same period last year, the company earned $0.96 EPS. Greenbrier Companies’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.80%. Greenbrier Companies’s dividend payout ratio is presently 20.94%.

Insider Activity

In related news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the transaction, the chief operating officer now directly owns 48,714 shares in the company, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ricardo Galvan sold 4,950 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the completion of the sale, the senior vice president now owns 27,472 shares of the company’s stock, valued at approximately $1,785,680. The trade was a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock valued at $790,338 in the last ninety days. 1.78% of the stock is currently owned by company insiders.

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.