Victory Capital Management Inc. Purchases 155,885 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Victory Capital Management Inc. grew its position in The Greenbrier Companies, Inc. (NYSE:GBXGet Rating) by 12.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,413,580 shares of the transportation company’s stock after acquiring an additional 155,885 shares during the period. Victory Capital Management Inc. owned 4.34% of Greenbrier Companies worth $34,308,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GBX. Invesco Ltd. raised its position in Greenbrier Companies by 37.5% during the 1st quarter. Invesco Ltd. now owns 326,766 shares of the transportation company’s stock worth $16,832,000 after purchasing an additional 89,097 shares during the last quarter. Vanguard Group Inc. raised its position in Greenbrier Companies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 3,602,200 shares of the transportation company’s stock worth $185,548,000 after purchasing an additional 35,233 shares during the last quarter. VELA Investment Management LLC raised its position in Greenbrier Companies by 36.5% during the 2nd quarter. VELA Investment Management LLC now owns 122,984 shares of the transportation company’s stock worth $4,426,000 after purchasing an additional 32,887 shares during the last quarter. Russell Investments Group Ltd. raised its position in Greenbrier Companies by 11.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 322,100 shares of the transportation company’s stock worth $11,591,000 after purchasing an additional 32,835 shares during the last quarter. Finally, State Street Corp raised its position in Greenbrier Companies by 2.8% during the 1st quarter. State Street Corp now owns 1,178,808 shares of the transportation company’s stock worth $60,720,000 after purchasing an additional 32,658 shares during the last quarter. 95.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on GBX. TheStreet raised Greenbrier Companies from a “c+” rating to a “b-” rating in a research report on Friday, November 18th. StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Thursday, January 5th. Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and increased their price target for the stock from $30.00 to $37.00 in a report on Monday, November 7th. Finally, Bank of America downgraded Greenbrier Companies from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Greenbrier Companies presently has an average rating of “Hold” and an average price target of $42.33.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock opened at $28.22 on Monday. The company has a current ratio of 1.74, a quick ratio of 0.83 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $34.45 and a two-hundred day moving average price of $31.52. The company has a market cap of $925.14 million, a P/E ratio of 50.39, a PEG ratio of 1.73 and a beta of 1.53. The Greenbrier Companies, Inc. has a 1-year low of $23.80 and a 1-year high of $53.46.

Greenbrier Companies (NYSE:GBXGet Rating) last issued its earnings results on Thursday, October 27th. The transportation company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.43 by $0.17. The company had revenue of $950.70 million during the quarter, compared to the consensus estimate of $789.30 million. Greenbrier Companies had a return on equity of 2.66% and a net margin of 0.61%. As a group, analysts anticipate that The Greenbrier Companies, Inc. will post 2.33 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Thursday, January 26th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, January 25th. This represents a $1.08 annualized dividend and a dividend yield of 3.83%. Greenbrier Companies’s dividend payout ratio is presently 192.86%.

Insider Activity

In other news, Director William A. Furman sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $37.76, for a total value of $755,200.00. Following the completion of the sale, the director now directly owns 323,018 shares in the company, valued at approximately $12,197,159.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Greenbrier Companies news, Director William A. Furman sold 30,000 shares of Greenbrier Companies stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $38.61, for a total transaction of $1,158,300.00. Following the completion of the transaction, the director now owns 253,018 shares in the company, valued at approximately $9,769,024.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William A. Furman sold 20,000 shares of Greenbrier Companies stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $37.76, for a total value of $755,200.00. Following the transaction, the director now owns 323,018 shares of the company’s stock, valued at approximately $12,197,159.68. The disclosure for this sale can be found here. Insiders sold a total of 90,000 shares of company stock worth $3,439,900 in the last three months. Company insiders own 2.32% of the company’s stock.

Greenbrier Companies Company Profile

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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 conventional railcars, such as covered hopper cars, boxcars, and center partition cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, intermodal cars, hoppers and automobile transporter cars; and marine vessels.

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Institutional Ownership by Quarter for Greenbrier Companies (NYSE:GBX)

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