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

The Greenbrier Companies, Inc. (NYSE:GBX) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,170,000 shares, a growth of 8.5% from the May 31st total of 2,000,000 shares. Approximately 7.3% of the shares of the company are short sold. Based on an average daily trading volume, of 329,400 shares, the days-to-cover ratio is presently 6.6 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Stephens boosted their price target on shares of Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Susquehanna boosted their price target on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.00.

Greenbrier Companies Trading Up 2.5 %

NYSE:GBX opened at $50.23 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. Greenbrier Companies has a fifty-two week low of $32.00 and a fifty-two week high of $58.00. The stock’s 50-day moving average is $51.47 and its two-hundred day moving average is $49.51. The stock has a market cap of $1.56 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.57.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.28. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. The company had revenue of $862.70 million for the quarter, compared to analysts’ expectations of $841.58 million. During the same quarter in the previous year, the business posted $0.99 EPS. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. As a group, equities research analysts forecast that Greenbrier Companies will post 4.25 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. Greenbrier Companies’s dividend payout ratio is 35.29%.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, SVP Christian Lucky sold 1,454 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $52.94, for a total value of $76,974.76. Following the sale, the senior vice president now directly owns 7,841 shares in the company, valued at $415,102.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Brian J. Comstock sold 10,000 shares of Greenbrier Companies stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.48, for a total transaction of $524,800.00. Following the sale, the executive vice president now directly owns 70,111 shares in the company, valued at $3,679,425.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christian Lucky sold 1,454 shares of Greenbrier Companies stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $52.94, for a total transaction of $76,974.76. Following the sale, the senior vice president now owns 7,841 shares in the company, valued at $415,102.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,176 shares of company stock worth $2,104,013. 2.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Greenbrier Companies

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Greenbrier Companies by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,513,387 shares of the transportation company’s stock valued at $111,042,000 after buying an additional 66,323 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Greenbrier Companies by 2.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company’s stock worth $42,222,000 after purchasing an additional 25,300 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Greenbrier Companies by 2.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 615,762 shares of the transportation company’s stock worth $27,204,000 after purchasing an additional 17,293 shares during the last quarter. American Century Companies Inc. lifted its holdings in Greenbrier Companies by 306.6% in the 3rd quarter. American Century Companies Inc. now owns 255,503 shares of the transportation company’s stock worth $10,220,000 after purchasing an additional 192,657 shares during the last quarter. Finally, Norges Bank acquired a new stake in Greenbrier Companies in the 4th quarter worth approximately $10,242,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

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.