Horizon Kinetics Asset Management LLC Reduces Stock Position in The Greenbrier Companies, Inc. (NYSE:GBX)

Horizon Kinetics Asset Management LLC reduced its holdings in shares of The Greenbrier Companies, Inc. (NYSE:GBX) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,950 shares of the transportation company’s stock after selling 2,100 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Greenbrier Companies were worth $851,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GBX. R Squared Ltd purchased a new stake in Greenbrier Companies in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in Greenbrier Companies by 241.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company’s stock worth $56,000 after purchasing an additional 644 shares in the last quarter. KBC Group NV lifted its stake in Greenbrier Companies by 57.8% in the 4th quarter. KBC Group NV now owns 1,466 shares of the transportation company’s stock worth $89,000 after purchasing an additional 537 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Greenbrier Companies in the 3rd quarter worth approximately $107,000. Finally, Westhampton Capital LLC purchased a new stake in Greenbrier Companies in the 4th quarter worth approximately $207,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $55.47 on Tuesday. The company’s fifty day moving average price is $61.04 and its 200-day moving average price is $59.14. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.80 and a beta of 1.62. The Greenbrier Companies, Inc. has a one year low of $41.40 and a one year high of $71.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The firm had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, equities research analysts anticipate that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, January 29th. Greenbrier Companies’s payout ratio is 20.94%.

Insider Transactions at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $63.21, for a total value of $126,420.00. Following the transaction, the chief operating officer now owns 42,714 shares of the company’s stock, valued at $2,699,951.94. This represents a 4.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America increased their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research note on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.00.

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.