Greenbrier Companies Inc. (GBX) Stock Price Up 4.4%
Shares of Greenbrier Companies Inc. (NYSE:GBX) rose 4.4% on Friday . The company traded as high as $32.76 and last traded at $32.57, with a volume of 394,952 shares. The stock had previously closed at $31.21.
GBX has been the subject of a number of analyst reports. Longbow Research lowered Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Susquehanna upped their target price on Greenbrier Companies from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 6th. Bank of America Corp. restated a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, April 6th. Cowen and Company lowered their target price on Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, July 7th. Finally, Standpoint Research restated a “buy” rating on shares of Greenbrier Companies in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Greenbrier Companies currently has an average rating of “Hold” and a consensus price target of $35.00.
The stock has a 50-day moving average price of $29.93 and a 200 day moving average price of $27.76. The firm has a market cap of $925.94 million and a price-to-earnings ratio of 4.90.
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, topping the Zacks’ consensus estimate of $1.09 by $0.03. During the same period in the prior year, the company earned $1.49 EPS. The firm had revenue of $612.90 million for the quarter. Greenbrier Companies’s revenue was down 14.2% on a year-over-year basis. On average, analysts anticipate that Greenbrier Companies Inc. will post $5.81 EPS for the current year.
The company 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 dividend of $0.21 per share. The ex-dividend date is Monday, July 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.20.
In other news, EVP Alejandro Centurion sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $31.95, for a total transaction of $191,700.00. Following the completion of the sale, the executive vice president now owns 12,950 shares in the company, valued at approximately $413,752.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark J. Rittenbaum sold 2,016 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 100,357 shares of the company’s stock, valued at approximately $2,918,381.56. The disclosure for this sale can be found here.
Several hedge funds have recently made changes to their positions in the company. Deere & Co. purchased a new stake in shares of Greenbrier Companies during the fourth quarter worth about $1,860,000. Westbourne Investment Advisors Inc. increased its stake in 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. Pear Tree Advisors Inc. bought a new stake in Greenbrier Companies during the fourth quarter valued at $1,393,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Greenbrier Companies during the fourth quarter valued at $2,848,000. Finally, GSA Capital Partners LLP bought a new stake in Greenbrier Companies during the fourth quarter valued at $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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