Greenbrier Companies (NYSE:GBX) Trading Up 6.1% After Analyst Upgrade

The Greenbrier Companies, Inc. (NYSE:GBX) was up 6.1% on Friday after Bank of America raised their price target on the stock from $60.00 to $62.00. Bank of America currently has an underperform rating on the stock. Greenbrier Companies traded as high as $64.59 and last traded at $64.10. Approximately 119,531 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 329,730 shares. The stock had previously closed at $60.44.

Separately, Susquehanna upped their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Insider Transactions at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the transaction, the chief operating officer now directly owns 48,714 shares in the company, valued at $2,863,408.92. This represents a 3.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ricardo Galvan sold 1,976 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the sale, the senior vice president now owns 33,776 shares in the company, valued at $1,959,008. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several institutional investors have recently modified their holdings of GBX. Texas Permanent School Fund Corp boosted its stake in Greenbrier Companies by 21.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 33,039 shares of the transportation company’s stock valued at $1,637,000 after purchasing an additional 5,828 shares during the period. Meeder Asset Management Inc. bought a new stake in Greenbrier Companies during the 2nd quarter valued at $67,000. TradeLink Capital LLC acquired a new position in Greenbrier Companies during the 2nd quarter worth $594,000. Sierra Summit Advisors LLC grew its stake in shares of Greenbrier Companies by 28.5% in the second quarter. Sierra Summit Advisors LLC now owns 13,152 shares of the transportation company’s stock worth $652,000 after purchasing an additional 2,917 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Greenbrier Companies by 44.6% during the second quarter. Hsbc Holdings PLC now owns 6,075 shares of the transportation company’s stock valued at $300,000 after purchasing an additional 1,875 shares during the period. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Trading Up 3.8 %

The business’s 50 day moving average is $64.67 and its two-hundred day moving average is $54.66. The firm has a market capitalization of $1.97 billion, a P/E ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The business had revenue of $875.90 million during the quarter, compared to analysts’ expectations of $849.51 million. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Analysts expect that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio is presently 20.94%.

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.