Greenbrier Companies (NYSE:GBX) Hits New 12-Month High – Here’s What Happened

The Greenbrier Companies, Inc. (NYSE:GBX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $66.70 and last traded at $66.65, with a volume of 7301 shares traded. The stock had previously closed at $65.95.

Analyst Ratings Changes

A number of brokerages have recently commented on GBX. Bank of America boosted 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. Susquehanna boosted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Finally, StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, Greenbrier Companies has a consensus rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Stock Performance

The firm has a 50 day moving average of $53.57 and a two-hundred day moving average of $50.85. The stock has a market cap of $2.07 billion, a PE ratio of 13.31, a PEG ratio of 0.54 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.60. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. Research analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal 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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is currently 24.14%.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the sale, the chief operating officer now owns 48,714 shares in the company, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ricardo Galvan sold 1,388 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total value of $86,056.00. Following the completion of the sale, the senior vice president now owns 32,388 shares of the company’s stock, valued at approximately $2,008,056. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,703 shares of company stock worth $790,338. 2.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Greenbrier Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Greenbrier Companies in the third quarter valued at approximately $107,000. Verition Fund Management LLC acquired a new stake in Greenbrier Companies in the third quarter valued at $1,210,000. De Lisle Partners LLP lifted its position 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 acquiring an additional 25,000 shares in the last quarter. Quantbot Technologies LP purchased a new position in Greenbrier Companies during the third quarter worth about $1,038,000. Finally, Horizon Kinetics Asset Management LLC lifted its position in Greenbrier Companies by 112.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 16,050 shares of the transportation company’s stock worth $817,000 after buying an additional 8,500 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

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.