Greenbrier Companies (NYSE:GBX) Hits New 12-Month High – Here’s What Happened

The Greenbrier Companies, Inc. (NYSE:GBX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.70 and last traded at $66.65, with a volume of 7301 shares trading hands. The stock had previously closed at $65.95.

Analyst Upgrades and Downgrades

GBX has been the topic of a number of recent analyst reports. Bank of America increased their target price on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, October 24th. StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Finally, Susquehanna raised their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.00.

Greenbrier Companies Stock Performance

The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average price of $53.57 and a 200 day moving average price of $50.85. The firm has a market cap of $2.07 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.51.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts expect that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.81%. Greenbrier Companies’s dividend payout ratio is presently 24.14%.

Insider Transactions at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 4,950 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total transaction of $321,750.00. Following the completion of the sale, the senior vice president now directly owns 27,472 shares of the company’s stock, valued at approximately $1,785,680. This trade represents a 15.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Krueger sold 2,389 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the sale, the chief operating officer now directly owns 50,714 shares of the company’s stock, valued at $3,191,939.16. The trade was a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock worth $790,338 in the last quarter. Company insiders own 2.54% of the company’s stock.

Institutional Trading of Greenbrier Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after purchasing an additional 207 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Greenbrier Companies by 1.7% in 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 in the last quarter. Louisiana State Employees Retirement System grew its position in Greenbrier Companies by 1.9% in 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 in the last quarter. Texas Permanent School Fund Corp grew its position in Greenbrier Companies by 1.3% in 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 in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Greenbrier Companies by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after acquiring an additional 363 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

About Greenbrier Companies

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.