Greenbrier Companies, Inc. (The) $GBX Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 71.8% in the third quarter, Holdings Channel reports. The institutional investor owned 7,125 shares of the transportation company’s stock after selling 18,143 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Greenbrier Companies were worth $329,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Greenbrier Companies in the 2nd quarter valued at about $1,982,000. Entropy Technologies LP acquired a new stake in shares of Greenbrier Companies during the second quarter valued at about $280,000. Amundi raised its stake in shares of Greenbrier Companies by 141.0% in the 1st quarter. Amundi now owns 37,934 shares of the transportation company’s stock valued at $1,787,000 after acquiring an additional 22,194 shares during the period. Mengis Capital Management Inc. acquired a new position in shares of Greenbrier Companies in the 2nd quarter worth approximately $576,000. Finally, Summit Global Investments purchased a new position in shares of Greenbrier Companies during the 2nd quarter worth approximately $489,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GBX has been the topic of a number of research analyst reports. Zacks Research lowered Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Greenbrier Companies in a report on Wednesday, October 8th. The Goldman Sachs Group assumed coverage on Greenbrier Companies in a research note on Friday, November 21st. They set a “sell” rating and a $38.00 target price on the stock. Susquehanna dropped their target price on Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $50.67.

Greenbrier Companies Trading Down 1.0%

GBX opened at $46.45 on Tuesday. The business has a fifty day moving average price of $44.63 and a 200 day moving average price of $46.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.43 and a quick ratio of 1.38. Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 2.04 and a beta of 1.68.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, May 31st. The transportation company reported $0.05 earnings per share (EPS) for the quarter. Greenbrier Companies had a return on equity of 12.90% and a net margin of 6.30%.The company had revenue of $766.50 million for the quarter. Sell-side analysts expect that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th were paid a $0.32 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. Greenbrier Companies’s payout ratio is currently 20.32%.

Greenbrier Companies Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.