Insider Selling: Greenbrier Companies Inc (NYSE:GBX) Director Sells $268,175.16 in Stock

Greenbrier Companies Inc (NYSE:GBX) Director Duane Charles Mcdougall sold 10,116 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $26.51, for a total value of $268,175.16. Following the completion of the transaction, the director now directly owns 4,784 shares in the company, valued at $126,823.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of GBX opened at $25.73 on Friday. The company has a market cap of $841.37 million, a P/E ratio of 10.17, a PEG ratio of 2.32 and a beta of 1.70. The stock has a fifty day moving average price of $23.97 and a 200 day moving average price of $21.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.86 and a quick ratio of 1.11. Greenbrier Companies Inc has a 12 month low of $12.89 and a 12 month high of $34.30.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Friday, July 10th. The transportation company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.91. The firm had revenue of $762.60 million during the quarter, compared to the consensus estimate of $606.46 million. Greenbrier Companies had a return on equity of 7.06% and a net margin of 2.74%. The firm’s revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, research analysts anticipate that Greenbrier Companies Inc will post 1.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $1.08 dividend on an annualized basis and a yield of 4.20%. Greenbrier Companies’s payout ratio is currently 37.63%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank lifted its position in shares of Greenbrier Companies by 8.7% in the 2nd quarter. Comerica Bank now owns 34,408 shares of the transportation company’s stock worth $904,000 after acquiring an additional 2,744 shares during the period. Duality Advisers LP bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth approximately $522,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Greenbrier Companies by 226.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,722 shares of the transportation company’s stock worth $130,000 after acquiring an additional 3,968 shares during the period. ICM Asset Management Inc. WA lifted its position in shares of Greenbrier Companies by 12.3% in the 2nd quarter. ICM Asset Management Inc. WA now owns 45,800 shares of the transportation company’s stock worth $1,042,000 after acquiring an additional 5,000 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP lifted its position in shares of Greenbrier Companies by 20.3% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 274,680 shares of the transportation company’s stock worth $6,249,000 after acquiring an additional 46,388 shares during the period. Hedge funds and other institutional investors own 88.82% of the company’s stock.

A number of equities analysts have issued reports on the company. Susquehanna Bancshares raised Greenbrier Companies from a “negative” rating to a “neutral” rating and upped their target price for the company from $13.00 to $24.00 in a research report on Monday, July 13th. KeyCorp lowered their price target on Greenbrier Companies from $38.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Wells Fargo & Co boosted their price target on Greenbrier Companies from $17.00 to $22.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Stephens boosted their price target on Greenbrier Companies from $18.00 to $25.00 in a report on Monday, July 13th. Finally, Zacks Investment Research downgraded Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.00.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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