Royal Bank of Canada cut its position in shares of Greenbrier Companies Inc. (NYSE:GBX) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,441,537 shares of the company’s stock after selling 69,415 shares during the period. Royal Bank of Canada owned 5.11% of Greenbrier Companies worth $41,992,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GBX. Tower Research Capital LLC TRC bought a new position in shares of Greenbrier Companies during the second quarter worth about $108,000. Teacher Retirement System of Texas increased its position in Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock valued at $116,000 after buying an additional 678 shares during the period. US Bancorp DE increased its position in Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock valued at $143,000 after buying an additional 1,288 shares during the period. Victory Capital Management Inc. increased its position in Greenbrier Companies by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,984 shares of the company’s stock valued at $233,000 after buying an additional 1,194 shares during the period. Finally, Acrospire Investment Management LLC increased its position in Greenbrier Companies by 60.0% in the second quarter. Acrospire Investment Management LLC now owns 8,000 shares of the company’s stock valued at $233,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 93.72% of the company’s stock.

Institutional Ownership by Quarter for Greenbrier Companies (NYSE:GBX)

Greenbrier Companies Inc. (NYSE:GBX) traded down 0.70% during midday trading on Friday, hitting $35.60. 454,792 shares of the company traded hands. The stock has a 50 day moving average price of $34.30 and a 200-day moving average price of $31.59. Greenbrier Companies Inc. has a 12-month low of $19.89 and a 12-month high of $37.40. The company has a market cap of $1.01 billion, a PE ratio of 6.22 and a beta of 1.87.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.08. Greenbrier Companies had a net margin of 6.84% and a return on equity of 19.02%. The business earned $595.20 million during the quarter, compared to analyst estimates of $619.43 million. During the same period in the previous year, the company posted $2.02 earnings per share. Greenbrier Companies’s revenue was down 22.2% compared to the same quarter last year. Analysts expect that Greenbrier Companies Inc. will post $3.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Tuesday, November 8th. Greenbrier Companies’s payout ratio is 14.63%.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Thursday, October 27th. Bank of America Corp. downgraded shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Wednesday, October 26th. They noted that the move was a valuation call. Vetr downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating and set a $35.84 target price for the company. in a report on Wednesday, October 19th. Standpoint Research downgraded shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. Finally, Cowen and Company raised their target price on shares of Greenbrier Companies from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, October 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.73.

In other Greenbrier Companies news, EVP James T. Sharp sold 2,996 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $32.18, for a total value of $96,411.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark J. Rittenbaum sold 7,869 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $30.81, for a total transaction of $242,443.89. Following the completion of the sale, the executive vice president now directly owns 89,107 shares of the company’s stock, valued at $2,745,386.67. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

About Greenbrier Companies

The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.

5 Day Chart for NYSE:GBX

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