The Greenbrier Companies, Inc. (NYSE:GBX) is VELA Investment Management LLC’s 6th Largest Position

VELA Investment Management LLC decreased its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 33.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 100,217 shares of the transportation company’s stock after selling 50,078 shares during the period. Greenbrier Companies comprises about 1.7% of VELA Investment Management LLC’s portfolio, making the stock its 6th largest holding. VELA Investment Management LLC’s holdings in Greenbrier Companies were worth $6,112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Greenbrier Companies during the fourth quarter valued at $26,000. Gladius Capital Management LP purchased a new position in Greenbrier Companies during the third quarter valued at $32,000. KBC Group NV lifted its position in Greenbrier Companies by 57.8% during the fourth quarter. KBC Group NV now owns 1,466 shares of the transportation company’s stock valued at $89,000 after buying an additional 537 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Greenbrier Companies during the third quarter valued at $107,000. Finally, Westhampton Capital LLC purchased a new position in Greenbrier Companies during the fourth quarter valued at $207,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Insider Activity

In other news, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the completion of the transaction, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.78% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America raised their price objective on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research report on Thursday, January 9th. Two equities 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, the company currently has an average rating of “Hold” and an average price target of $63.00.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $55.06 on Friday. The Greenbrier Companies, Inc. has a 1-year low of $41.40 and a 1-year high of $71.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The business has a fifty day moving average price of $62.73 and a 200-day moving average price of $58.28. The company has a market capitalization of $1.73 billion, a PE ratio of 9.61, a PEG ratio of 0.80 and a beta of 1.52.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, beating 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 firm 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 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts expect that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, January 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. Greenbrier Companies’s payout ratio is presently 20.94%.

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.