Greenbrier Companies Inc. (GBX) Shares Up 4.4%
Greenbrier Companies Inc. (NYSE:GBX) shares shot up 4.4% during trading on Friday . The company traded as high as $32.76 and last traded at $32.57, with a volume of 394,952 shares trading hands. The stock had previously closed at $31.21.
A number of research firms have commented on GBX. Standpoint Research restated a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday. Cowen and Company dropped their price objective on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. Longbow Research lowered shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Zacks Investment Research lowered shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Finally, TheStreet upgraded shares of Greenbrier Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.00.
The company has a market cap of $925.94 million and a PE ratio of 4.90. The company has a 50 day moving average price of $29.85 and a 200-day moving average price of $27.70.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, July 6th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. During the same quarter last year, the business earned $1.49 EPS. The company had revenue of $612.90 million for the quarter. Greenbrier Companies’s revenue was down 14.2% compared to the same quarter last year. On average, analysts forecast that Greenbrier Companies Inc. will post $5.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 20th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, July 18th. 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 dividend yield of 2.56%.
In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 1,312 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $28.07, for a total transaction of $36,827.84. Following the sale, the executive vice president now directly owns 100,357 shares of the company’s stock, valued at $2,817,020.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alejandro Centurion sold 6,000 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $31.95, for a total transaction of $191,700.00. Following the sale, the executive vice president now directly owns 12,950 shares in the company, valued at $413,752.50. The disclosure for this sale can be found here.
Other hedge funds have modified their holdings of the company. Victory Capital Management Inc. boosted its stake 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 worth $17,733,000 after buying an additional 184,853 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Greenbrier Companies during the fourth quarter worth $2,848,000. Deere & Co. acquired a new stake in shares of Greenbrier Companies during the fourth quarter worth $1,860,000. Pear Tree Advisors Inc. acquired a new stake in shares of Greenbrier Companies during the fourth quarter worth $1,393,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Greenbrier Companies during the fourth quarter worth $1,054,000.
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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