Greenbrier Companies, Inc. (The) (NYSE:GBX) Shares Sold by VELA Investment Management LLC

VELA Investment Management LLC lessened its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 33.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,852 shares of the transportation company's stock after selling 33,365 shares during the period. Greenbrier Companies comprises 1.1% of VELA Investment Management LLC's investment portfolio, making the stock its 24th biggest holding. VELA Investment Management LLC owned 0.21% of Greenbrier Companies worth $3,424,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Greenbrier Companies by 892.7% during the 4th quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after purchasing an additional 366 shares during the last quarter. F M Investments LLC purchased a new position in Greenbrier Companies in the fourth quarter worth $35,000. Versant Capital Management Inc grew its position in Greenbrier Companies by 44.7% in the first quarter. Versant Capital Management Inc now owns 690 shares of the transportation company's stock worth $35,000 after acquiring an additional 213 shares in the last quarter. NBC Securities Inc. grew its position in Greenbrier Companies by 108,700.0% in the first quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock worth $55,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Greenbrier Companies by 241.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company's stock valued at $56,000 after buying an additional 644 shares during the period. 95.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Susquehanna upped their price objective on shares of Greenbrier Companies from $52.00 to $57.00 and gave the company a "positive" rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a report on Saturday.

Insider Buying and Selling

In other Greenbrier Companies news, COO William J. Krueger sold 4,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $48.00, for a total transaction of $192,000.00. Following the transaction, the chief operating officer directly owned 32,714 shares in the company, valued at $1,570,272. This trade represents a 10.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.78% of the stock is owned by insiders.

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock traded down $0.07 during trading hours on Tuesday, hitting $56.00. The company's stock had a trading volume of 534,218 shares, compared to its average volume of 391,748. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 1.48. The company has a market cap of $1.73 billion, a PE ratio of 7.93, a PEG ratio of 1.57 and a beta of 1.71. Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06. The business has a 50 day moving average price of $46.25 and a two-hundred day moving average price of $52.67.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.87. The company had revenue of $842.70 million for the quarter, compared to analysts' expectations of $785.72 million. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Analysts expect that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, July 17th. This represents a $1.28 annualized dividend and a yield of 2.29%. Greenbrier Companies's payout ratio is currently 18.13%.

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.