Ricardo Galvan Sells 1,976 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBX) SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the transaction, the senior vice president now directly owns 33,776 shares in the company, valued at $1,959,008. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ricardo Galvan also recently made the following trade(s):

• On Monday, October 28th, Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock. The stock was sold at an average price of $62.00, for a total value of $86,056.00.

Greenbrier Companies Stock Performance

NYSE:GBX opened at $62.20 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The Greenbrier Companies, Inc. has a twelve month low of $32.86 and a twelve month high of $63.45. The company has a fifty day moving average of $49.58 and a 200-day moving average of $49.88. The firm has a market capitalization of $1.94 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.63 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Greenbrier Companies, Inc. will post 4.35 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a yield of 1.93%. Greenbrier Companies’s payout ratio is 31.41%.

Institutional Trading of Greenbrier Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBX. Canada Pension Plan Investment Board purchased a new position in shares of Greenbrier Companies during the second quarter valued at approximately $25,000. Hexagon Capital Partners LLC bought a new stake in shares of Greenbrier Companies in the 1st quarter worth $26,000. GAMMA Investing LLC raised its holdings in shares of Greenbrier Companies by 60.9% in 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 last quarter. NBC Securities Inc. bought a new position in shares of Greenbrier Companies during the third quarter valued at about $55,000. Finally, Meeder Asset Management Inc. purchased a new position in Greenbrier Companies during the second quarter worth about $67,000. 95.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GBX. StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Susquehanna upped their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, October 21st. Finally, Bank of America lifted their price objective on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.00.

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.