Greenbrier Companies Target of Unusually High Options Trading (NYSE:GBX)

Greenbrier Companies Inc (NYSE:GBX) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 2,975 call options on the company. This is an increase of approximately 1,508% compared to the typical daily volume of 185 call options.

Several brokerages have recently weighed in on GBX. Stifel Nicolaus reaffirmed a “buy” rating on shares of Canopy Growth in a research note on Wednesday, July 3rd. Bank of America set a $225.00 target price on shares of Tesla and gave the company a “sell” rating in a research note on Wednesday, July 3rd. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Buckingham Research set a $34.00 target price on shares of Greenbrier Companies and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Finally, Wells Fargo & Co raised their price target on WisdomTree International Dividend Ex-Financials Fund from $47.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.88.

GBX stock traded down $0.54 during midday trading on Thursday, reaching $27.68. The company had a trading volume of 392,167 shares, compared to its average volume of 516,218. Greenbrier Companies has a 1-year low of $26.75 and a 1-year high of $64.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.61 and a quick ratio of 1.43. The company’s 50 day simple moving average is $28.63. The stock has a market capitalization of $916.59 million, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 1.00 and a beta of 1.95.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Tuesday, July 2nd. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.07). The business had revenue of $856.20 million during the quarter, compared to the consensus estimate of $863.24 million. Greenbrier Companies had a net margin of 2.38% and a return on equity of 5.81%. The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. Research analysts anticipate that Greenbrier Companies will post 3.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, July 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Wednesday, July 17th. Greenbrier Companies’s dividend payout ratio is currently 24.21%.

In related news, EVP Mark J. Rittenbaum sold 7,603 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $35.94, for a total transaction of $273,251.82. Following the completion of the sale, the executive vice president now directly owns 63,837 shares of the company’s stock, valued at approximately $2,294,301.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Martin Raymond Baker sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $35.53, for a total value of $71,060.00. Following the sale, the senior vice president now directly owns 26,284 shares of the company’s stock, valued at $933,870.52. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Greenbrier Companies by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,723,030 shares of the transportation company’s stock worth $107,669,000 after acquiring an additional 260,043 shares during the period. Bank of New York Mellon Corp lifted its stake in Greenbrier Companies by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,163,526 shares of the transportation company’s stock valued at $46,006,000 after buying an additional 47,328 shares during the period. Victory Capital Management Inc. lifted its stake in Greenbrier Companies by 0.6% in the first quarter. Victory Capital Management Inc. now owns 623,493 shares of the transportation company’s stock valued at $20,095,000 after buying an additional 3,863 shares during the period. Norges Bank acquired a new position in Greenbrier Companies in the fourth quarter valued at approximately $21,503,000. Finally, OppenheimerFunds Inc. lifted its stake in Greenbrier Companies by 2.0% in the first quarter. OppenheimerFunds Inc. now owns 534,516 shares of the transportation company’s stock valued at $17,228,000 after buying an additional 10,341 shares during the period. 96.15% of the stock is currently owned by institutional investors.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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