Greenbrier Companies Inc. (GBX) Shares Down 2.9%
Greenbrier Companies Inc. (NYSE:GBX) fell 2.9% during mid-day trading on Tuesday . The company traded as low as $32.24 and last traded at $32.34, with a volume of 207,035 shares trading hands. The stock had previously closed at $33.29.
A number of research firms have issued reports on GBX. Zacks Investment Research upgraded Greenbrier Companies from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, June 7th. TheStreet upgraded Greenbrier Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Cowen and Company cut their price target on Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Longbow Research downgraded Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Finally, Standpoint Research restated a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.00.
The firm has a market cap of $906.48 million and a P/E ratio of 4.80. The company has a 50-day moving average price of $30.67 and a 200-day moving average price of $28.31.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, July 6th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. During the same period in the previous year, the business posted $1.49 EPS. The business earned $612.90 million during the quarter. The business’s revenue was down 14.2% compared to the same quarter last year. Equities analysts anticipate that Greenbrier Companies Inc. will post $5.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 20th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Monday, July 18th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.20.
In other news, EVP Mark J. Rittenbaum sold 5,000 shares of the stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $32.20, for a total value of $161,000.00. Following the transaction, the executive vice president now directly owns 95,357 shares of the company’s stock, valued at $3,070,495.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark J. Rittenbaum sold 2,016 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $29.08, for a total value of $58,625.28. Following the completion of the transaction, the executive vice president now directly owns 100,357 shares in the company, valued at $2,918,381.56. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in shares of Greenbrier Companies during the fourth quarter worth $1,054,000. Westbourne Investment Advisors Inc. raised 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 raised 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. Swiss National Bank raised 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. Finally, Polaris Capital Management LLC raised 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 worth $1,393,000 after buying an additional 21,650 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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