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

The Greenbrier Companies, Inc. (NYSE:GBX)’s share price 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 traded. The stock had previously closed at $62.09.

Analysts Set New Price Targets

Several research firms recently commented on GBX. Susquehanna boosted their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Finally, Bank of America upped 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. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Stock Performance

The stock’s 50 day moving average price is $51.47 and its 200 day moving average price is $50.31. 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 cap of $2.05 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 0.49 and a beta of 1.51.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, analysts expect that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is currently 24.14%.

Insider Activity

In related news, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total transaction of $86,056.00. Following the completion of the sale, the senior vice president now owns 32,388 shares of the company’s stock, valued at approximately $2,008,056. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO William J. Krueger sold 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the chief operating officer now owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the sale, the senior vice president now directly owns 32,388 shares of the company’s stock, valued at approximately $2,008,056. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,753 shares of company stock valued at $468,588 in the last 90 days. 2.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greenbrier Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new position in Greenbrier Companies in the 1st quarter worth approximately $590,000. First Hawaiian Bank purchased a new position in Greenbrier Companies in the 2nd quarter worth approximately $801,000. ClariVest Asset Management LLC boosted its holdings in Greenbrier Companies by 118,372.2% in the 1st quarter. ClariVest Asset Management LLC now owns 21,325 shares of the transportation company’s stock worth $1,111,000 after acquiring an additional 21,307 shares during the period. SG Capital Management LLC purchased a new position in Greenbrier Companies in the 1st quarter worth approximately $4,594,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Greenbrier Companies by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,019 shares of the transportation company’s stock worth $1,041,000 after acquiring an additional 15,338 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

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.