Petrus Trust Company LTA Makes New Investment in The Greenbrier Companies, Inc. (NYSE:GBX)

Petrus Trust Company LTA bought a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 12,618 shares of the transportation company’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBX. Price T Rowe Associates Inc. MD increased its position in Greenbrier Companies by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,522 shares of the transportation company’s stock worth $809,000 after purchasing an additional 1,088 shares during the period. Comerica Bank increased its position in Greenbrier Companies by 265.8% during the 1st quarter. Comerica Bank now owns 52,149 shares of the transportation company’s stock worth $2,717,000 after purchasing an additional 37,892 shares during the period. Csenge Advisory Group acquired a new position in Greenbrier Companies during the 2nd quarter worth approximately $441,000. Carolina Wealth Advisors LLC increased its position in Greenbrier Companies by 11.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 14,777 shares of the transportation company’s stock worth $732,000 after purchasing an additional 1,568 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in Greenbrier Companies by 45.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,159 shares of the transportation company’s stock worth $355,000 after purchasing an additional 2,237 shares during the period. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Price Performance

GBX stock opened at $68.22 on Thursday. The Greenbrier Companies, Inc. has a 1 year low of $38.12 and a 1 year high of $69.12. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. The stock’s 50 day moving average price is $59.10 and its 200 day moving average price is $52.40. The firm has a market cap of $2.14 billion, a P/E ratio of 13.73, a PEG ratio of 1.99 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.60. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is presently 24.14%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GBX. Susquehanna upped their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Bank of America upped their price target on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. Finally, StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.00.

Insiders Place Their Bets

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,976 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total transaction of $114,608.00. Following the transaction, the senior vice president now owns 33,776 shares of the company’s stock, valued at $1,959,008. This represents a 5.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO William J. Krueger sold 2,389 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the completion of the transaction, the chief operating officer now directly owns 50,714 shares in the company, valued at $3,191,939.16. This trade represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock valued at $790,338 in the last quarter. 1.78% of the stock is currently owned by company insiders.

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.