King Luther Capital Management Corp Has $476,000 Stock Holdings in The Greenbrier Companies, Inc. (NYSE:GBX)

King Luther Capital Management Corp decreased its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 58.8% in the third quarter, HoldingsChannel reports. The firm owned 9,350 shares of the transportation company’s stock after selling 13,350 shares during the period. King Luther Capital Management Corp’s holdings in Greenbrier Companies were worth $476,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Moors & Cabot Inc. boosted its holdings in shares of Greenbrier Companies by 2.0% in the third quarter. Moors & Cabot Inc. now owns 24,950 shares of the transportation company’s stock worth $1,270,000 after buying an additional 500 shares during the period. Segall Bryant & Hamill LLC lifted its position in shares of Greenbrier Companies by 1.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 104,368 shares of the transportation company’s stock valued at $5,311,000 after acquiring an additional 1,498 shares in the last quarter. Chesapeake Capital Corp IL boosted its stake in Greenbrier Companies by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 5,454 shares of the transportation company’s stock worth $273,000 after purchasing an additional 1,190 shares during the period. Gladius Capital Management LP purchased a new position in Greenbrier Companies during the 3rd quarter worth approximately $32,000. Finally, Empowered Funds LLC grew its position in Greenbrier Companies by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 151,814 shares of the transportation company’s stock worth $7,726,000 after purchasing an additional 7,638 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Insider Buying and Selling

In related news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now owns 48,714 shares in the company, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ricardo Galvan sold 1,388 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $62.00, for a total transaction of $86,056.00. Following the sale, the senior vice president now owns 32,388 shares of the company’s stock, valued at $2,008,056. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,703 shares of company stock worth $790,338. Corporate insiders own 1.78% of the company’s stock.

Greenbrier Companies Stock Performance

Shares of NYSE GBX opened at $66.65 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The Greenbrier Companies, Inc. has a one year low of $36.22 and a one year high of $67.22. The business’s 50-day moving average price is $56.24 and its two-hundred day moving average price is $51.56. The company has a market capitalization of $2.09 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51.

Greenbrier Companies (NYSE:GBX) last announced its quarterly 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. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. Analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, November 6th. Greenbrier Companies’s payout ratio is presently 24.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GBX. Bank of America raised their target price on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Susquehanna lifted their target price on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Finally, StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Greenbrier Companies currently has a consensus rating of “Hold” and a consensus price target of $60.00.

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.