Greenbrier Companies (NYSE:GBX) Stock Price Up 6.1% Following Analyst Upgrade

The Greenbrier Companies, Inc. (NYSE:GBX) shares traded 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. 119,531 shares traded hands during trading, a decline of 64% from the average session volume of 329,730 shares. The stock had previously closed at $60.44.

Separately, Susquehanna lifted their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, Greenbrier Companies presently has an average rating of “Hold” and an average target price of $63.00.

Insider Activity

In related 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the chief operating officer now directly owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. This trade represents a 3.94 % 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 valued at $790,338 in the last 90 days. 1.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in Greenbrier Companies during the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC boosted its stake in shares of Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after buying an additional 207 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of Greenbrier Companies during the third quarter worth approximately $32,000. NBC Securities Inc. bought a new stake in shares of Greenbrier Companies in the third quarter worth $55,000. Finally, Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies in the second quarter valued at $67,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Stock Up 5.6 %

The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The firm’s fifty day moving average is $64.59 and its 200-day moving average is $54.57.

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

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.88%. Greenbrier Companies’s dividend payout ratio (DPR) 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.