The Greenbrier Companies, Inc. (NYSE:GBX) Short Interest Update

The Greenbrier Companies, Inc. (NYSE:GBX) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,920,000 shares, an increase of 5.5% from the August 31st total of 1,820,000 shares. Based on an average daily trading volume, of 328,100 shares, the days-to-cover ratio is currently 5.9 days. Approximately 6.4% of the company’s shares are sold short.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock opened at $49.60 on Wednesday. The firm has a market cap of $1.54 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.62 and a beta of 1.53. 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 has a 12 month low of $32.00 and a 12 month high of $58.00. The stock’s fifty day moving average price is $47.83 and its 200-day moving average price is $49.81.

Greenbrier Companies (NYSE:GBX) last announced its quarterly 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 firm had revenue of $820.20 million for the quarter, compared to analysts’ expectations of $928.73 million. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The business’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.02 EPS. On average, equities research analysts expect that Greenbrier Companies will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, July 23rd. Greenbrier Companies’s payout ratio is currently 31.41%.

Insider Buying and Selling

In related news, SVP Laurie R. Dornan sold 5,935 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total value of $302,210.20. Following the completion of the sale, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greenbrier Companies

A number of institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in Greenbrier Companies in the second quarter worth about $25,000. Hexagon Capital Partners LLC acquired a new stake in Greenbrier Companies in the first quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies in the second quarter worth about $67,000. Tradewinds Capital Management LLC acquired a new stake in Greenbrier Companies in the first quarter worth about $78,000. Finally, Innealta Capital LLC acquired a new stake in Greenbrier Companies in the second quarter worth about $82,000. Institutional investors own 95.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.67.

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.