Horizon Kinetics Asset Management LLC Acquires 8,500 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Horizon Kinetics Asset Management LLC boosted its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 112.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,050 shares of the transportation company’s stock after purchasing an additional 8,500 shares during the period. Horizon Kinetics Asset Management LLC owned about 0.05% of Greenbrier Companies worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new stake in Greenbrier Companies during the second quarter worth about $801,000. SG Capital Management LLC acquired a new position in shares of Greenbrier Companies during the 1st quarter worth approximately $4,594,000. Harbor Capital Advisors Inc. raised its stake in Greenbrier Companies by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,019 shares of the transportation company’s stock valued at $1,041,000 after acquiring an additional 15,338 shares during the period. Comerica Bank increased its holdings in shares of Greenbrier Companies by 265.8% in the first quarter. Comerica Bank now owns 52,149 shares of the transportation company’s stock valued at $2,717,000 after purchasing an additional 37,892 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Greenbrier Companies by 4,988.9% during the 3rd quarter. International Assets Investment Management LLC now owns 23,460 shares of the transportation company’s stock worth $11,940,000 after buying an additional 22,999 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Ricardo Galvan sold 1,976 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the transaction, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. This represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.94, for a total value of $150,363.66. Following the sale, the chief operating officer now owns 50,714 shares in the company, valued at $3,191,939.16. This represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock valued at $790,338 over the last three months. 1.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GBX has been the topic of several recent research reports. StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Susquehanna boosted their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Finally, Bank of America raised their price objective on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. 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 has an average rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Trading Up 1.4 %

GBX opened at $67.61 on Tuesday. The Greenbrier Companies, Inc. has a twelve month low of $36.22 and a twelve month high of $68.24. The company has a fifty day moving average of $56.62 and a 200-day moving average of $51.65. The stock has a market cap of $2.12 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The business 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 $0.30 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.20 annualized dividend and a yield of 1.77%. Greenbrier Companies’s payout ratio is currently 24.14%.

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.