Greenbrier Companies, Inc. (The) $GBX Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 68.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,000 shares of the transportation company’s stock after selling 15,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Greenbrier Companies were worth $280,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GBX. Atlas FRM LLC acquired a new stake in shares of Greenbrier Companies during the 2nd quarter worth about $38,599,688. Donald Smith & CO. Inc. purchased a new position in Greenbrier Companies in the second quarter valued at approximately $31,987,000. Bank of New York Mellon Corp purchased a new position in Greenbrier Companies in the second quarter valued at approximately $18,324,000. Empowered Funds LLC acquired a new stake in Greenbrier Companies during the second quarter worth approximately $7,009,000. Finally, De Lisle Partners LLP acquired a new stake in Greenbrier Companies during the second quarter worth approximately $4,916,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of GBX opened at $41.52 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.24 and a debt-to-equity ratio of 1.09. The firm has a market cap of $1.29 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The company’s 50 day simple moving average is $40.99 and its 200-day simple moving average is $48.00. Greenbrier Companies, Inc. has a 12-month low of $36.35 and a 12-month high of $59.19.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Monday, October 26th. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.41). The business had revenue of $591.00 million during the quarter, compared to analysts’ expectations of $605.10 million. Greenbrier Companies had a net margin of 3.21% and a return on equity of 4.85%. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. As a group, equities analysts predict that Greenbrier Companies, Inc. will post 3.30 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, November 10th. Greenbrier Companies’s dividend payout ratio is presently 54.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America reduced their price objective on shares of Greenbrier Companies from $42.00 to $38.00 and set an “underperform” rating for the company in a research report on Tuesday, October 27th. Wall Street Zen downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Susquehanna cut their price target on shares of Greenbrier Companies from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday. Weiss Ratings downgraded shares of Greenbrier Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. Finally, Zacks Research cut Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and an average price target of $40.33.

Greenbrier Companies Company Profile

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.