Greenbrier Companies (NYSE:GBX) Downgraded by StockNews.com

StockNews.com cut shares of Greenbrier Companies (NYSE:GBX) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Separately, Susquehanna upped their price objective on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a positive rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Greenbrier Companies presently has a consensus rating of Hold and a consensus target price of $54.00.

Greenbrier Companies Stock Down 1.3 %

NYSE GBX traded down $0.57 during trading on Wednesday, reaching $44.97. The company’s stock had a trading volume of 226,694 shares, compared to its average volume of 346,875. The business has a 50-day moving average price of $48.93 and a 200-day moving average price of $49.96. Greenbrier Companies has a 1-year low of $32.00 and a 1-year high of $58.00. The stock has a market capitalization of $1.40 billion, a PE ratio of 11.77, a PEG ratio of 0.61 and a beta of 1.57. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Monday, July 8th. The transportation company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.02). The business had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The company’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. On average, research analysts forecast that Greenbrier Companies will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd will be paid a $0.30 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.67%. Greenbrier Companies’s payout ratio is 31.41%.

Insider Buying and Selling

In other news, SVP Laurie R. Dornan sold 5,935 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total transaction of $302,210.20. Following the completion of the transaction, the senior vice president now owns 23,226 shares of the company’s stock, valued at $1,182,667.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at $590,000. First Hawaiian Bank acquired a new stake in shares of Greenbrier Companies during the second quarter worth $801,000. Cullen Investment Group LTD. bought a new stake in shares of Greenbrier Companies in the fourth quarter valued at about $861,000. International Assets Investment Management LLC bought a new stake in Greenbrier Companies in the 4th quarter valued at approximately $900,000. Finally, ClariVest Asset Management LLC boosted its holdings in Greenbrier Companies by 118,372.2% during the first quarter. ClariVest Asset Management LLC now owns 21,325 shares of the transportation company’s stock worth $1,111,000 after purchasing an additional 21,307 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

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.