Greenbrier Companies (NYSE:GBX) Trading 6.1% Higher Following Analyst Upgrade

Shares of The Greenbrier Companies, Inc. (NYSE:GBX) were up 6.1% during mid-day trading on Friday after Bank of America raised their price target on the stock from $60.00 to $62.00. Bank of America currently has an underperform rating on the stock. Greenbrier Companies traded as high as $64.59 and last traded at $64.10. Approximately 119,531 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 329,730 shares. The stock had previously closed at $60.44.

Separately, Susquehanna upped their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.00.

Insider Activity

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total transaction of $86,056.00. Following the completion of the sale, the senior vice president now directly owns 32,388 shares of the company’s stock, valued at $2,008,056. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.94, for a total transaction of $150,363.66. Following the sale, the chief operating officer now owns 50,714 shares in the company, valued at approximately $3,191,939.16. The trade was a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock worth $790,338 in the last three months. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Greenbrier Companies

Hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund Corp raised its holdings in shares of Greenbrier Companies by 21.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 33,039 shares of the transportation company’s stock worth $1,637,000 after acquiring an additional 5,828 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Greenbrier Companies during the second quarter valued at $67,000. Sierra Summit Advisors LLC grew its stake in shares of Greenbrier Companies by 28.5% in the 2nd quarter. Sierra Summit Advisors LLC now owns 13,152 shares of the transportation company’s stock worth $652,000 after buying an additional 2,917 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Greenbrier Companies by 44.6% in the 2nd quarter. Hsbc Holdings PLC now owns 6,075 shares of the transportation company’s stock worth $300,000 after buying an additional 1,875 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth about $484,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Price Performance

The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $64.67 and its 200-day moving average price is $54.69. The stock has a market capitalization of $1.97 billion, a PE ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $875.90 million for the quarter, compared to the consensus estimate of $849.51 million. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. On average, equities analysts forecast that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 29th. Greenbrier Companies’s payout ratio is 20.94%.

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.