Greenbrier Companies Inc. (GBX) Shares Gap Up to $30.60
Greenbrier Companies Inc. (NYSE:GBX) gapped up prior to trading on Tuesday . The stock had previously closed at $30.31, but opened at $30.60. Greenbrier Companies shares last traded at $31.83, with a volume of 328,419 shares trading hands.
A number of research firms have recently issued reports on GBX. Zacks Investment Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. TheStreet raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Cowen and Company reduced their price target on shares of Greenbrier Companies from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 6th. Wells Fargo & Co. reissued a “hold” rating on shares of Greenbrier Companies in a research note on Wednesday, April 6th. Finally, Susquehanna boosted their price target on shares of Greenbrier Companies from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 6th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.00.
The stock has a market cap of $891.25 million and a P/E ratio of 4.72. The company’s 50 day moving average price is $28.91 and its 200 day moving average price is $27.52.
Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The company earned $612.90 million during the quarter. The business’s revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 earnings per share. On average, analysts anticipate that Greenbrier Companies Inc. will post $5.80 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 given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, July 18th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.75%.
In other news, EVP Alejandro Centurion sold 10,000 shares of Greenbrier Companies stock in a transaction that occurred on Friday, April 15th. The shares were sold at an average price of $31.84, for a total transaction of $318,400.00. Following the sale, the executive vice president now owns 18,194 shares in the company, valued at $579,296.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Raymond Baker sold 5,357 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $30.67, for a total transaction of $164,299.19. Following the sale, the senior vice president now owns 11,211 shares in the company, valued at approximately $343,841.37. The disclosure for this sale can be found here.
Other hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in 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 in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Greenbrier Companies during the fourth quarter worth about $2,848,000. Olstein Capital Management L.P. raised its stake in shares of Greenbrier Companies by 17.5% in the fourth quarter. Olstein Capital Management L.P. now owns 545,000 shares of the company’s stock worth $17,778,000 after buying an additional 81,000 shares during the period. Deere & Co. bought a new stake in shares of Greenbrier Companies during the fourth quarter worth about $1,860,000. Finally, Midas Management Corp bought a new stake in shares of Greenbrier Companies during the fourth quarter worth about $1,797,000.
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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