The Greenbrier Companies, Inc. (NYSE:GBX) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Greenbrier Companies, Inc. (NYSE:GBX) has been assigned an average rating of “Moderate Buy” from the four analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $60.00.

GBX has been the topic of a number of research reports. StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Susquehanna raised their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Finally, Bank of America boosted their target price on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th.

Insider Activity

In related news, COO William J. Krueger sold 2,389 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 50,714 shares of the company’s stock, valued at approximately $3,191,939.16. This trade represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the sale, the senior vice president now owns 33,776 shares in the company, valued at $1,959,008. This trade represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,703 shares of company stock worth $790,338 over the last quarter. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Greenbrier Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in Greenbrier Companies by 1.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock worth $80,111,000 after acquiring an additional 18,552 shares during the period. Geode Capital Management LLC raised its holdings in shares of Greenbrier Companies by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock worth $36,237,000 after purchasing an additional 7,886 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Greenbrier Companies by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company’s stock valued at $32,006,000 after purchasing an additional 2,536 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Greenbrier Companies by 6.7% in the third quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after purchasing an additional 32,191 shares during the last quarter. Finally, Encompass Capital Advisors LLC bought a new position in Greenbrier Companies during the second quarter valued at $19,820,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Up 1.1 %

Shares of NYSE GBX opened at $66.65 on Monday. Greenbrier Companies has a 12-month low of $36.22 and a 12-month high of $67.22. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.09 billion, a PE ratio of 13.36, a P/E/G ratio of 1.88 and a beta of 1.51. The company’s fifty day simple moving average is $55.87 and its 200 day simple moving average is $51.46.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.92 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Greenbrier Companies will post 5.2 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.80%. Greenbrier Companies’s payout ratio is 24.14%.

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.