Nisa Investment Advisors LLC Buys 363 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Nisa Investment Advisors LLC raised its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,939 shares of the transportation company’s stock after purchasing an additional 363 shares during the period. Nisa Investment Advisors LLC’s holdings in Greenbrier Companies were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GBX. GAMMA Investing LLC raised its position in shares of Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after buying an additional 207 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Greenbrier Companies by 1.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock worth $801,000 after acquiring an additional 224 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Greenbrier Companies by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock worth $846,000 after acquiring an additional 284 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Greenbrier Companies by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock worth $778,000 after purchasing an additional 300 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its position in shares of Greenbrier Companies by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock valued at $1,418,000 after purchasing an additional 356 shares during the period. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 1,976 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction dated 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 of the company’s stock, valued at $3,191,939.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ricardo Galvan sold 1,976 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $58.00, for a total transaction of $114,608.00. Following the sale, the senior vice president now directly owns 33,776 shares in the company, valued at approximately $1,959,008. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,753 shares of company stock valued at $468,588 in the last three months. 2.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages 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 raised their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Finally, StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.00.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX opened at $62.09 on Wednesday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.49 and a beta of 1.51. The business’s fifty day moving average price is $51.47 and its two-hundred day moving average price is $50.31. The Greenbrier Companies, Inc. has a fifty-two week low of $35.36 and a fifty-two week high of $63.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The business 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 firm earned $0.92 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 24.14%.

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.