Greenbrier Companies (NYSE:GBX) Hits New 1-Year High – Here’s What Happened

Shares of The Greenbrier Companies, Inc. (NYSE:GBX) hit a new 52-week high on Monday . The stock traded as high as $67.47 and last traded at $67.47, with a volume of 6673 shares. The stock had previously closed at $66.65.

Analyst Ratings Changes

Several brokerages have recently weighed in on GBX. Bank of America increased their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Finally, Susquehanna increased their target price 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. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Stock Performance

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 stock’s 50-day moving average is $56.24 and its 200-day moving average is $51.55. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.94 and a beta of 1.51.

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

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is 24.14%.

Insider Buying and Selling at Greenbrier Companies

In related news, COO William J. Krueger sold 2,389 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total transaction of $150,363.66. Following the transaction, the chief operating officer now directly owns 50,714 shares in the company, valued at $3,191,939.16. This trade represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.00, for a total value of $86,056.00. Following the transaction, the senior vice president now owns 32,388 shares in the company, valued at $2,008,056. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 over the last 90 days. 1.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several large investors have recently added to or reduced their stakes in GBX. Canada Pension Plan Investment Board bought a new stake in Greenbrier Companies in the second quarter valued at $25,000. GAMMA Investing LLC increased its holdings in shares of Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 207 shares during the period. Gladius Capital Management LP acquired a new position in shares of Greenbrier Companies during the third quarter valued at $32,000. NBC Securities Inc. acquired a new position in shares of Greenbrier Companies during the third quarter valued at $55,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Greenbrier Companies during the second quarter valued at $67,000. 95.59% of the stock is currently owned by 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.