Greenbrier Companies Inc. (GBX) Trading 2.7% Higher
Greenbrier Companies Inc. (NYSE:GBX) shares traded up 2.7% during mid-day trading on Monday . The company traded as high as $32.41 and last traded at $32.35, with a volume of 229,802 shares changing hands. The stock had previously closed at $31.49.
A number of research analysts have recently issued reports on the company. Cowen and Company lowered their price target on Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, July 7th. Longbow Research downgraded Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Zacks Investment Research downgraded Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 8th. TheStreet raised Greenbrier Companies from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, April 6th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.00.
The company has a market capitalization of $907.32 million and a price-to-earnings ratio of 4.80. The company has a 50 day moving average price of $29.18 and a 200 day moving average price of $27.56.
Greenbrier Companies (NYSE:GBX) last announced 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. During the same quarter in the previous year, the company earned $1.49 EPS. The company earned $612.90 million during the quarter. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. On average, equities analysts expect that Greenbrier Companies Inc. will post $5.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Wednesday, July 20th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, July 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.61%. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.20.
In related news, EVP Mark J. Rittenbaum sold 2,016 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $29.08, for a total transaction of $58,625.28. Following the transaction, the executive vice president now directly owns 100,357 shares in the company, valued at approximately $2,918,381.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Martin Raymond Baker sold 5,357 shares of the business’s stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $30.67, for a total value 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 disclosure for this sale can be found here.
A number of hedge funds and institutional investors have made changes to their positions in the company. Pear Tree Advisors Inc. acquired a new position in shares of Greenbrier Companies during the fourth quarter valued at $1,393,000. Westbourne Investment Advisors Inc. increased 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 valued at $1,148,000 after buying an additional 18,770 shares during the period. Polaris Capital Management LLC increased its position in shares of Greenbrier Companies by 102.8% in the fourth quarter. Polaris Capital Management LLC now owns 42,718 shares of the company’s stock valued at $1,393,000 after buying an additional 21,650 shares during the period. Deere & Co. acquired a new position in shares of Greenbrier Companies during the fourth quarter valued at $1,860,000. Finally, Victory Capital Management Inc. increased its position in shares of Greenbrier Companies by 51.5% in the fourth quarter. Victory Capital Management Inc. now owns 543,663 shares of the company’s stock valued at $17,733,000 after buying an additional 184,853 shares during the period.
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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