Greenbrier Companies (NYSE:GBX) Sets New 52-Week High – Here’s What Happened

The Greenbrier Companies, Inc. (NYSE:GBX) reached a new 52-week high on Thursday . The company traded as high as $69.54 and last traded at $70.24, with a volume of 43684 shares trading hands. The stock had previously closed at $67.67.

Analyst Ratings Changes

GBX has been the topic of a number of analyst reports. Susquehanna increased 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. Bank of America increased their target price on Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, Greenbrier Companies currently has a consensus rating of “Hold” and an average price target of $63.00.

Greenbrier Companies Price Performance

The firm has a market capitalization of $2.22 billion, a P/E ratio of 12.34, a PEG ratio of 0.98 and a beta of 1.54. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $65.14 and its 200-day moving average is $55.75.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. The company had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. As a group, sell-side analysts predict that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 20.94%.

Insider Activity

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 48,714 shares in the company, valued at approximately $2,863,408.92. This represents a 3.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction 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 $2,008,056. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,727 shares of company stock valued at $675,730. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Greenbrier Companies

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Greenbrier Companies by 1.1% in the third quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock valued at $36,237,000 after acquiring an additional 7,886 shares during the period. Charles Schwab Investment Management Inc. grew its position in Greenbrier Companies by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company’s stock valued at $32,006,000 after purchasing an additional 2,536 shares during the period. Victory Capital Management Inc. increased its stake in Greenbrier Companies by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after purchasing an additional 32,191 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Greenbrier Companies by 9.2% in the fourth quarter. Hodges Capital Management Inc. now owns 348,325 shares of the transportation company’s stock valued at $21,244,000 after buying an additional 29,231 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its stake in shares of Greenbrier Companies by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 197,300 shares of the transportation company’s stock valued at $12,033,000 after buying an additional 12,600 shares in the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

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.