Hotchkis & Wiley Capital Management LLC Sells 38,100 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Hotchkis & Wiley Capital Management LLC trimmed its holdings in The Greenbrier Companies, Inc. (NYSE:GBX) by 4.9% during the third quarter, Holdings Channel.com reports. The fund owned 743,840 shares of the transportation company’s stock after selling 38,100 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Greenbrier Companies were worth $37,854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Greenbrier Companies by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock worth $80,111,000 after purchasing an additional 18,552 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Greenbrier Companies by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company’s stock valued at $32,006,000 after acquiring an additional 2,536 shares during the last quarter. Victory Capital Management Inc. grew its position in Greenbrier Companies by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after acquiring an additional 32,191 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Greenbrier Companies during the 2nd quarter worth approximately $19,820,000. Finally, LSV Asset Management lifted its stake in shares of Greenbrier Companies by 12.9% during the 2nd 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 period. Institutional investors own 95.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GBX shares. StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Susquehanna increased their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Finally, Bank of America lifted their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.00.

Insider Transactions at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 1,388 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the sale, the senior vice president now owns 32,388 shares in the company, valued at approximately $2,008,056. This represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO William J. Krueger sold 2,389 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares of the company’s stock, valued at $3,191,939.16. This trade represents a 4.50 % decrease in their position. 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 in the last 90 days. Insiders own 1.78% of the company’s stock.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $68.41 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The Greenbrier Companies, Inc. has a twelve month low of $38.12 and a twelve month high of $69.12. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.98 and a beta of 1.53. The stock’s 50 day moving average is $58.39 and its 200-day moving average is $52.17.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.60. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. Sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. Greenbrier Companies’s dividend payout ratio is currently 24.14%.

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.