Carolina Wealth Advisors LLC Sells 1,249 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Carolina Wealth Advisors LLC cut its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,528 shares of the transportation company’s stock after selling 1,249 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Greenbrier Companies were worth $688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Greenbrier Companies by 1.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock worth $80,111,000 after acquiring an additional 18,552 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Greenbrier Companies during the second quarter valued at about $19,820,000. LSV Asset Management increased its holdings in shares of Greenbrier Companies by 12.9% in the second quarter. LSV Asset Management now owns 246,233 shares of the transportation company’s stock worth $12,201,000 after purchasing an additional 28,100 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Greenbrier Companies in the second quarter worth about $8,126,000. Finally, Millennium Management LLC boosted its stake in Greenbrier Companies by 77.4% during 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 during the last quarter. 95.59% of the stock is owned by institutional investors.

Greenbrier Companies Trading Down 0.2 %

Shares of GBX traded down $0.12 during midday trading on Monday, hitting $51.97. The stock had a trading volume of 94,743 shares, compared to its average volume of 318,815. The stock’s 50 day moving average is $48.61 and its 200 day moving average is $49.81. The firm has a market cap of $1.62 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The Greenbrier Companies, Inc. has a 1 year low of $32.00 and a 1 year high of $58.00.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 31.41%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GBX shares. Susquehanna upped their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday. StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.33.

Insiders Place Their Bets

In other news, SVP Laurie R. Dornan sold 5,935 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the transaction, the senior vice president now owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.54% of the stock is owned by insiders.

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.