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

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 68.5% in the 3rd quarter, Holdings Channel.com reports. The firm 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 Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of GBX. Dimensional Fund Advisors LP lifted its holdings in shares of Greenbrier Companies by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,979,546 shares of the transportation company’s stock worth $104,222,000 after purchasing an additional 13,153 shares during the period. Atlas FRM LLC purchased a new position in Greenbrier Companies during the 2nd quarter worth $38,599,688. Donald Smith & CO. Inc. purchased a new position in Greenbrier Companies during the 2nd quarter worth $31,987,000. Bank of New York Mellon Corp acquired a new stake in shares of Greenbrier Companies in the 2nd quarter worth $18,324,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Greenbrier Companies by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 150,096 shares of the transportation company’s stock worth $7,903,000 after acquiring an additional 2,564 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Trading Up 0.0%

NYSE:GBX opened at $41.52 on Monday. The stock has a fifty day moving average price of $40.99 and a two-hundred day moving average price of $48.00. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.24 and a current ratio of 2.43. Greenbrier Companies, Inc. has a 1 year low of $36.35 and a 1 year high of $59.19.

Greenbrier Companies (NYSE:GBX) last issued its 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 company had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $605.10 million. Greenbrier Companies had a return on equity of 4.85% and a net margin of 3.21%. Greenbrier Companies’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. As a group, sell-side analysts anticipate that Greenbrier Companies, Inc. will post 3.30 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

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