Verity Asset Management Inc. Makes New $255,000 Investment in The Greenbrier Companies, Inc. (NYSE:GBX)

Verity Asset Management Inc. bought a new position in shares of The Greenbrier Companies, Inc. (NYSE:GBX) in the 4th quarter, HoldingsChannel.com reports. The fund bought 4,183 shares of the transportation company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of Greenbrier Companies in the second quarter valued at $902,000. Millennium Management LLC grew its stake in shares of Greenbrier Companies by 77.4% in the second quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock valued at $7,146,000 after buying an additional 62,911 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Greenbrier Companies by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 15,530 shares of the transportation company’s stock valued at $770,000 after buying an additional 702 shares in the last quarter. Creative Planning grew its stake in shares of Greenbrier Companies by 159.3% in the second quarter. Creative Planning now owns 28,464 shares of the transportation company’s stock valued at $1,410,000 after buying an additional 17,487 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Greenbrier Companies by 60.9% in 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 in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insiders Place Their Bets

In other news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the sale, the chief operating officer now directly owns 42,714 shares of the company’s stock, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.78% of the stock is owned by company insiders.

Greenbrier Companies Stock Up 2.5 %

Shares of NYSE GBX opened at $64.51 on Wednesday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The business has a 50-day moving average of $65.34 and a two-hundred day moving average of $56.91. The Greenbrier Companies, Inc. has a 1 year low of $41.40 and a 1 year high of $71.06.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The company had revenue of $875.90 million during the quarter, compared to the consensus estimate of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. Greenbrier Companies’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio (DPR) is 20.94%.

Wall Street Analyst Weigh In

GBX has been the subject of several analyst reports. Bank of America boosted their target price on Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research note on Thursday, January 9th. Susquehanna boosted their target price on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies currently has a consensus rating of “Hold” and an average target price of $63.00.

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.