Greenbrier Companies (NYSE:GBX) Hits New 1-Year High – Here’s What Happened

The Greenbrier Companies, Inc. (NYSE:GBX)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $67.47 and last traded at $67.47, with a volume of 6673 shares changing hands. The stock had previously closed at $66.65.

Analyst Ratings Changes

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

Greenbrier Companies Stock Up 2.3 %

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 company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.94 and a beta of 1.51. The firm’s 50 day simple moving average is $56.24 and its 200-day simple moving average is $51.55.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company posted $0.92 EPS. Greenbrier Companies’s revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

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 paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.14%.

Insider Transactions at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 4,950 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.00, for a total value of $321,750.00. Following the sale, the senior vice president now directly owns 27,472 shares in the company, valued at $1,785,680. The trade was a 15.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO William J. Krueger sold 2,389 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.94, for a total transaction of $150,363.66. Following the completion of the sale, the chief operating officer now owns 50,714 shares in the company, valued at $3,191,939.16. This represents 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 valued at $790,338 in the last ninety days. 1.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Greenbrier Companies by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock valued at $80,111,000 after purchasing an additional 18,552 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Greenbrier Companies by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock worth $36,237,000 after acquiring an additional 7,886 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Greenbrier Companies by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company’s stock worth $32,006,000 after acquiring an additional 2,536 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Greenbrier Companies by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock worth $26,154,000 after acquiring an additional 32,191 shares during the period. Finally, Encompass Capital Advisors LLC purchased a new position in shares of Greenbrier Companies during the 2nd quarter worth about $19,820,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

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.