Truvestments Capital LLC Increases Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Truvestments Capital LLC grew its stake in The Greenbrier Companies, Inc. (NYSE:GBX) by 15.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 66,480 shares of the transportation company’s stock after acquiring an additional 8,916 shares during the period. Greenbrier Companies comprises 0.9% of Truvestments Capital LLC’s investment portfolio, making the stock its 28th biggest holding. Truvestments Capital LLC owned approximately 0.21% of Greenbrier Companies worth $3,383,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted 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 worth $28,000 after purchasing an additional 207 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Greenbrier Companies by 1.7% during the second 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 stake in 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. Nisa Investment Advisors LLC increased its stake in shares of Greenbrier Companies by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock worth $506,000 after buying an additional 363 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Greenbrier Companies in the second quarter valued at approximately $25,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $67.00 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The stock has a market cap of $2.10 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.94 and a beta of 1.51. The stock has a 50 day moving average of $56.24 and a two-hundred day moving average of $51.55. The Greenbrier Companies, Inc. has a twelve month low of $36.22 and a twelve month high of $67.22.

Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, research analysts forecast that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Greenbrier Companies’s payout ratio is currently 24.14%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GBX shares. Bank of America raised their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a 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 downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.00.

Insider Transactions at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 4,950 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the completion of the sale, the senior vice president now directly owns 27,472 shares of the company’s stock, valued at $1,785,680. This trade represents a 15.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total transaction of $150,363.66. Following the transaction, the chief operating officer now directly owns 50,714 shares in the company, valued at approximately $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. In the last quarter, insiders sold 12,703 shares of company stock worth $790,338. Company 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.