Victory Capital Management Inc. Increases Position in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Victory Capital Management Inc. lifted its position in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 525,908 shares of the transportation company's stock after purchasing an additional 22,838 shares during the period. Victory Capital Management Inc. owned about 1.68% of Greenbrier Companies worth $26,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GBX. Quarry LP grew its stake in shares of Greenbrier Companies by 892.7% in the 4th quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after buying an additional 366 shares in the last quarter. F M Investments LLC purchased a new position in shares of Greenbrier Companies in the 4th quarter worth $35,000. Versant Capital Management Inc lifted its holdings in shares of Greenbrier Companies by 44.7% in the 1st quarter. Versant Capital Management Inc now owns 690 shares of the transportation company's stock worth $35,000 after acquiring an additional 213 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Greenbrier Companies by 108,700.0% in the 1st 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 during the last quarter. Finally, Curat Global LLC bought a new stake in shares of Greenbrier Companies in the 1st quarter worth about $56,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Greenbrier Companies

In other Greenbrier Companies news, Director Thomas B. Fargo sold 3,727 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $54.97, for a total value of $204,873.19. Following the transaction, the director directly owned 2,141 shares of the company's stock, valued at $117,690.77. This represents a 63.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wanda F. Felton sold 3,652 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $54.31, for a total value of $198,340.12. Following the transaction, the director directly owned 3,000 shares in the company, valued at $162,930. This trade represents a 54.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,379 shares of company stock worth $691,213. 1.78% of the stock is currently owned by company insiders.

Greenbrier Companies Trading Down 1.1%

Shares of GBX stock opened at $48.12 on Tuesday. The firm has a market cap of $1.49 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 1.36 and a beta of 1.71. Greenbrier Companies, Inc. has a 1-year low of $37.77 and a 1-year high of $71.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82. The company has a 50-day moving average of $47.87 and a two-hundred day moving average of $52.08.

Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.87. The business had revenue of $842.70 million for the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. On average, analysts predict that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, July 17th. Greenbrier Companies's dividend payout ratio (DPR) is 18.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GBX. Wall Street Zen raised shares of Greenbrier Companies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Susquehanna boosted their target price on shares of Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, July 2nd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.