Greenbrier Companies Inc. (GBX) Trading Down 0.7%
Greenbrier Companies Inc. (NYSE:GBX) dropped 0.7% on Monday . The stock traded as low as $33.78 and last traded at $33.95, with a volume of 76,814 shares traded. The stock had previously closed at $34.18.
GBX has been the topic of several analyst reports. Longbow Research lowered shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, June 7th. Cowen and Company lowered their target price on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, July 7th. Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, July 27th. Finally, TheStreet raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Greenbrier Companies currently has an average rating of “Hold” and an average target price of $35.00.
The firm has a market cap of $953.30 million and a P/E ratio of 5.05. The stock’s 50-day moving average is $32.38 and its 200 day moving average is $29.08.
Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share 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 earnings per share. The firm had revenue of $612.90 million for the quarter. The business’s quarterly revenue was down 14.2% on a year-over-year basis. On average, equities research analysts expect that Greenbrier Companies Inc. will post $5.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 10th. Stockholders of record on Wednesday, July 20th were issued a dividend of $0.21 per share. This is a boost 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 2.49%. The ex-dividend date of this dividend was Monday, July 18th.
In other news, EVP Alejandro Centurion sold 6,000 shares of Greenbrier Companies 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 completion of the sale, the executive vice president now owns 12,950 shares of the company’s stock, valued at $413,752.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark J. Rittenbaum sold 6,250 shares of Greenbrier Companies stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $34.75, for a total value of $217,187.50. Following the sale, the executive vice president now directly owns 89,107 shares of the company’s stock, valued at approximately $3,096,468.25. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Greenbrier Companies stock. California Public Employees Retirement System boosted its position in Greenbrier Companies Inc. (NYSE:GBX) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,100 shares of the company’s stock after buying an additional 9,700 shares during the period. California Public Employees Retirement System owned 0.30% of Greenbrier Companies worth $2,809,000 as of its most recent SEC filing.
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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