Greenbrier Companies (NYSE:GBX) Sets New 1-Year Low Following Analyst Downgrade

The Greenbrier Companies, Inc. (NYSE:GBX) shares hit a new 52-week low during mid-day trading on Wednesday after Susquehanna lowered their price target on the stock from $75.00 to $52.00. Susquehanna currently has a positive rating on the stock. Greenbrier Companies traded as low as $39.03 and last traded at $39.67, with a volume of 1571469 shares traded. The stock had previously closed at $44.74.

Separately, Bank of America upped their price target on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a report on Thursday, January 9th.

Insider Transactions at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the transaction, the chief operating officer now owns 42,714 shares in the company, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Greenbrier Companies during the third quarter valued at approximately $639,000. Stifel Financial Corp grew its holdings in shares of Greenbrier Companies by 21.2% during the 3rd quarter. Stifel Financial Corp now owns 9,233 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 1,614 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Greenbrier Companies in the third quarter worth $296,000. Geode Capital Management LLC raised its holdings in shares of Greenbrier Companies by 1.1% during the third quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock worth $36,237,000 after acquiring an additional 7,886 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Greenbrier Companies by 27.9% during the third quarter. Tidal Investments LLC now owns 5,454 shares of the transportation company’s stock valued at $278,000 after purchasing an additional 1,190 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Up 9.5 %

The business has a 50 day simple moving average of $54.80 and a 200 day simple moving average of $59.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The stock has a market cap of $1.36 billion, a PE ratio of 7.57, a P/E/G ratio of 0.80 and a beta of 1.56.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Monday, April 7th. The transportation company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). The firm had revenue of $762.10 million during the quarter, compared to analyst estimates of $898.53 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. On average, equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.95%. Greenbrier Companies’s dividend payout ratio is currently 20.45%.

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.