Mutual of America Capital Management LLC Cuts Stake in The Greenbrier Companies, Inc. (NYSE:GBX)

Mutual of America Capital Management LLC cut its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,683 shares of the transportation company’s stock after selling 434 shares during the period. Mutual of America Capital Management LLC’s holdings in Greenbrier Companies were worth $238,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GBX. Encompass Capital Advisors LLC bought a new position in Greenbrier Companies in the second quarter worth about $19,820,000. Hennessy Advisors Inc. bought a new stake in shares of Greenbrier Companies during the second quarter valued at approximately $8,126,000. Galibier Capital Management Ltd. bought a new stake in Greenbrier Companies during the second quarter worth approximately $5,175,000. SG Capital Management LLC bought a new stake in Greenbrier Companies during the first quarter worth approximately $4,594,000. Finally, Millennium Management LLC raised its holdings in Greenbrier Companies by 77.4% during the second quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock worth $7,146,000 after purchasing an additional 62,911 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $68.10 on Friday. The company’s fifty day moving average is $57.70 and its two-hundred day moving average is $51.98. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The Greenbrier Companies, Inc. has a 12-month low of $36.22 and a 12-month high of $68.90. The company has a market cap of $2.14 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.51.

Greenbrier Companies (NYSE:GBX) last posted 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 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 the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $0.92 earnings per share. Greenbrier Companies’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is presently 24.14%.

Insider Buying and Selling

In other Greenbrier Companies news, 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 completion of the sale, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the chief operating officer now owns 48,714 shares of the company’s stock, valued at $2,863,408.92. This trade represents a 3.94 % 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 Company 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.