Royal Fund Management LLC Lowers Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

Royal Fund Management LLC reduced its stake in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 59.0% in the fourth quarter, HoldingsChannel reports. 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’s holdings in Greenbrier Companies were worth $3,999,000 at the end of the most recent reporting period.

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

Insider Transactions at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 4,950 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total transaction of $321,750.00. Following the transaction, the senior vice president now owns 27,472 shares in the company, valued at approximately $1,785,680. This trade represents a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 48,714 shares of the company’s stock, valued at $2,863,408.92. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Bank of America increased their target price on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research report on Thursday, January 9th. Susquehanna upped their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $63.00.

Greenbrier Companies Trading Up 0.5 %

GBX stock opened at $66.85 on Tuesday. The firm’s fifty day simple moving average is $64.99 and its two-hundred day simple moving average is $55.43. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The Greenbrier Companies, Inc. has a twelve month low of $41.40 and a twelve month high of $69.12.

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

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio (DPR) is presently 20.94%.

Greenbrier Companies 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.