Greenbrier Companies (NYSE:GBX) Sets New 52-Week High – Here’s What Happened

The Greenbrier Companies, Inc. (NYSE:GBX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $66.50 and last traded at $66.12, with a volume of 11346 shares trading hands. The stock had previously closed at $62.09.

Analyst Ratings Changes

Several research firms have recently commented on GBX. Bank of America raised their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Finally, Susquehanna lifted their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.00.

Greenbrier Companies Trading Up 5.3 %

The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The business’s fifty day simple moving average is $51.47 and its two-hundred day simple moving average is $50.31. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.49 and a beta of 1.51.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. Greenbrier Companies’s payout ratio is 24.14%.

Insider Activity

In other news, SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies 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 transaction, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now directly owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ricardo Galvan sold 1,976 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total transaction of $114,608.00. Following the sale, the senior vice president now owns 33,776 shares in the company, valued at $1,959,008. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,753 shares of company stock valued at $468,588 in the last ninety days. 2.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Greenbrier Companies

Several institutional investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Greenbrier Companies by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock worth $80,111,000 after purchasing an additional 18,552 shares in the last quarter. Victory Capital Management Inc. boosted its position 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 purchasing an additional 32,191 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Greenbrier Companies during the 2nd quarter worth $19,820,000. LSV Asset Management boosted its position in shares of Greenbrier Companies by 12.9% in the 2nd quarter. LSV Asset Management now owns 246,233 shares of the transportation company’s stock worth $12,201,000 after buying an additional 28,100 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Greenbrier Companies in the 2nd quarter worth about $8,126,000. 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.