Greenbrier Companies Inc. (GBX) Stock Price Down 6.5%
Greenbrier Companies Inc. (NYSE:GBX) fell 6.5% during mid-day trading on Wednesday . The company traded as low as $25.90 and last traded at $26.91, with a volume of 1,712,245 shares changing hands. The stock had previously closed at $28.79.
A number of research firms have issued reports on GBX. Zacks Investment Research lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Bank of America Corp. reaffirmed a “buy” rating on shares of Greenbrier Companies in a research report on Wednesday, April 6th. Wells Fargo & Co. reiterated a “hold” rating on shares of Greenbrier Companies in a report on Wednesday, April 6th. Longbow Research downgraded Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Finally, Susquehanna increased their price objective on Greenbrier Companies from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 6th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Greenbrier Companies currently has a consensus rating of “Hold” and a consensus price target of $35.00.
The stock has a 50-day moving average price of $28.61 and a 200-day moving average price of $27.62. The stock has a market cap of $858.11 million and a PE ratio of 4.41.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $612.90 million for the quarter. The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 earnings per share. Analysts expect that Greenbrier Companies Inc. will post $5.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 20th will be given a dividend of $0.21 per share. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, July 18th.
In other Greenbrier Companies news, SVP Martin Raymond Baker sold 5,357 shares of the business’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $30.67, for a total transaction of $164,299.19. Following the transaction, the senior vice president now owns 11,211 shares in the company, valued at $343,841.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark J. Rittenbaum sold 2,135 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $28.39, for a total value of $60,612.65. Following the transaction, the executive vice president now owns 100,357 shares in the company, valued at approximately $2,849,135.23. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Greenbrier Companies during the fourth quarter worth approximately $1,054,000. Comerica Bank boosted its position in shares of Greenbrier Companies by 91.0% in the fourth quarter. Comerica Bank now owns 42,931 shares of the company’s stock worth $1,054,000 after buying an additional 20,454 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its position in shares of Greenbrier Companies by 114.3% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 35,185 shares of the company’s stock worth $1,148,000 after buying an additional 18,770 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Greenbrier Companies by 20.8% in the fourth quarter. Rhumbline Advisers now owns 37,559 shares of the company’s stock worth $1,225,000 after buying an additional 6,470 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Greenbrier Companies by 8.6% in the fourth quarter. Swiss National Bank now owns 37,800 shares of the company’s stock worth $1,233,000 after buying an additional 3,000 shares in the last quarter.
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.
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