Greenbrier Companies Inc. (GBX) Stock Price Up 3.4%
Shares of Greenbrier Companies Inc. (NYSE:GBX) rose 3.4% during trading on Thursday . The company traded as high as $32.97 and last traded at $32.94, with a volume of 174,861 shares changing hands. The stock had previously closed at $31.85.
GBX has been the subject of a number of research reports. TheStreet raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, June 7th. Longbow Research cut shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Cowen and Company reduced their price objective on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Finally, Standpoint Research reissued 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 issued a buy rating to the stock. Greenbrier Companies presently has an average rating of “Hold” and an average price target of $35.00.
The firm has a 50-day moving average price of $31.51 and a 200 day moving average price of $28.69. The company has a market capitalization of $967.12 million and a PE ratio of 5.12.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, July 6th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.09 by $0.03. The business had revenue of $612.90 million for the quarter. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. Equities research analysts expect that Greenbrier Companies Inc. will post $5.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 20th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Monday, July 18th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.20.
In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 2,135 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $28.39, for a total transaction of $60,612.65. Following the completion of the sale, the executive vice president now directly owns 100,357 shares in the company, valued at approximately $2,849,135.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark J. Rittenbaum sold 2,016 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, May 26th. The shares were 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 $2,918,381.56. The disclosure for this sale can be found here.
A number of hedge funds have made changes to their positions in GBX. California Public Employees Retirement System boosted its stake in shares of Greenbrier Companies by 12.7% in the fourth quarter. California Public Employees Retirement System now owns 86,100 shares of the company’s stock valued at $2,809,000 after buying an additional 9,700 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Greenbrier Companies by 20.8% in the fourth quarter. Rhumbline Advisers now owns 37,559 shares of the company’s stock valued at $1,225,000 after buying an additional 6,470 shares during the last quarter. Finally, Swiss National Bank boosted its stake 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 valued at $1,233,000 after buying an additional 3,000 shares during 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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