The Greenbrier Companies, Inc. (NYSE:GBX) Short Interest Update

The Greenbrier Companies, Inc. (NYSE:GBX) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 1,920,000 shares, an increase of 5.5% from the August 31st total of 1,820,000 shares. Approximately 6.4% of the shares of the company are short sold. Based on an average trading volume of 328,100 shares, the days-to-cover ratio is currently 5.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.67.

Insider Activity at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the completion of the transaction, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greenbrier Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in Greenbrier Companies by 1.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock valued at $801,000 after acquiring an additional 224 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Greenbrier Companies by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock valued at $846,000 after acquiring an additional 284 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Greenbrier Companies by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock valued at $778,000 after acquiring an additional 300 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Greenbrier Companies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock valued at $1,418,000 after acquiring an additional 356 shares during the period. Finally, Cullen Investment Group LTD. boosted its holdings in Greenbrier Companies by 1.8% during the 1st quarter. Cullen Investment Group LTD. now owns 19,840 shares of the transportation company’s stock valued at $1,020,000 after acquiring an additional 359 shares during the period. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Down 2.5 %

NYSE GBX opened at $49.60 on Wednesday. Greenbrier Companies has a one year low of $32.00 and a one year high of $58.00. The company has a market cap of $1.54 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.62 and a beta of 1.53. The business has a fifty day moving average price of $47.83 and a 200 day moving average price of $49.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Monday, July 8th. The transportation company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The company had revenue of $820.20 million during the quarter, compared to analyst estimates of $928.73 million. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm’s revenue was down 21.0% compared to the same quarter last year. During the same period last year, the business earned $1.02 earnings per share. Research analysts anticipate that Greenbrier Companies will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Tuesday, July 23rd. Greenbrier Companies’s payout ratio is 31.41%.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.