Victory Capital Management Inc. Has $26.15 Million Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Victory Capital Management Inc. boosted its position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 6.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 513,938 shares of the transportation company’s stock after buying an additional 32,191 shares during the period. Victory Capital Management Inc.’s holdings in Greenbrier Companies were worth $26,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted 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 valued at $28,000 after purchasing an additional 207 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Greenbrier Companies by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock valued at $846,000 after acquiring an additional 284 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Greenbrier Companies by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock worth $778,000 after acquiring an additional 300 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Greenbrier Companies by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock worth $506,000 after acquiring an additional 363 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Greenbrier Companies by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,169 shares of the transportation company’s stock valued at $321,000 after purchasing an additional 423 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Susquehanna boosted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Bank of America raised their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. Finally, StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Stock Down 1.5 %

Shares of NYSE GBX opened at $65.13 on Monday. The Greenbrier Companies, Inc. has a 12-month low of $36.21 and a 12-month high of $67.22. 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 firm has a market cap of $2.04 billion, a PE ratio of 13.10, a P/E/G ratio of 1.89 and a beta of 1.51. The company’s fifty day simple moving average is $54.33 and its 200 day simple moving average is $51.07.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating 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 the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.92 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is currently 24.14%.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,389 shares of the business’s 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 approximately $3,191,939.16. The trade was a 4.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ricardo Galvan sold 1,976 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the sale, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at approximately $1,959,008. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,703 shares of company stock valued at $790,338. 2.54% of the stock is 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.