Greenbrier Companies (NYSE:GBX – Free Report) had its price objective lifted by Bank of America from $60.00 to $62.00 in a research report report published on Thursday,Benzinga reports. Bank of America currently has an underperform rating on the transportation company’s stock.
Separately, Susquehanna upped their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Greenbrier Companies currently has an average rating of “Hold” and an average target price of $63.00.
Read Our Latest Analysis on GBX
Greenbrier Companies Stock Up 0.4 %
Greenbrier Companies (NYSE:GBX – Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, analysts expect that Greenbrier Companies will post 5.2 EPS for the current fiscal year.
Greenbrier Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s payout ratio is 20.94%.
Insiders Place Their Bets
In related news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the transaction, the chief operating officer now owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ricardo Galvan sold 1,976 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the sale, the senior vice president now directly owns 33,776 shares in the company, valued at $1,959,008. This trade represents a 5.53 % decrease in their position. 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 currently owned by company insiders.
Institutional Investors Weigh In On Greenbrier Companies
Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its position in Greenbrier Companies by 4,988.9% during the third quarter. International Assets Investment Management LLC now owns 23,460 shares of the transportation company’s stock worth $11,940,000 after acquiring an additional 22,999 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Greenbrier Companies by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock worth $80,111,000 after purchasing an additional 18,552 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Greenbrier Companies during the second quarter valued at about $19,820,000. De Lisle Partners LLP lifted its stake in shares of Greenbrier Companies by 36.3% in the third quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company’s stock valued at $4,777,000 after buying an additional 25,000 shares during the period. Finally, Millennium Management LLC grew its position in Greenbrier Companies by 77.4% during the second quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock worth $7,146,000 after buying an additional 62,911 shares in the last quarter. 95.59% of the stock is 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. 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.
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