William Glenn Sells 5,800 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBX) SVP William Glenn sold 5,800 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $51.87, for a total value of $300,846.00. Following the sale, the senior vice president now owns 33,211 shares of the company’s stock, valued at $1,722,654.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $53.53 on Thursday. The firm has a market cap of $1.67 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.66. The Greenbrier Companies, Inc. has a 52 week low of $25.41 and a 52 week high of $58.00. The firm’s fifty day moving average is $50.90 and its 200-day moving average is $44.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, April 5th. The transportation company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.28. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. The company had revenue of $862.70 million for the quarter, compared to analyst estimates of $841.58 million. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. Sell-side analysts predict that The Greenbrier Companies, Inc. will post 4.13 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, April 22nd. Greenbrier Companies’s dividend payout ratio (DPR) is presently 35.29%.

Institutional Investors Weigh In On Greenbrier Companies

Several institutional investors and hedge funds have recently made changes to their positions in GBX. SummerHaven Investment Management LLC lifted its stake in Greenbrier Companies by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the transportation company’s stock valued at $733,000 after buying an additional 254 shares during the period. Sheets Smith Wealth Management lifted its position in shares of Greenbrier Companies by 3.0% during the 3rd quarter. Sheets Smith Wealth Management now owns 10,886 shares of the transportation company’s stock valued at $435,000 after acquiring an additional 313 shares during the period. Cullen Investment Group LTD. boosted its stake in Greenbrier Companies by 1.8% during the first quarter. Cullen Investment Group LTD. now owns 19,840 shares of the transportation company’s stock worth $1,020,000 after acquiring an additional 359 shares in the last quarter. Hexagon Capital Partners LLC bought a new position in Greenbrier Companies during the first quarter worth $26,000. Finally, Jump Financial LLC grew its holdings in Greenbrier Companies by 7.7% in the fourth quarter. Jump Financial LLC now owns 10,693 shares of the transportation company’s stock worth $472,000 after purchasing an additional 766 shares during the period. Institutional investors own 95.59% of the company’s stock.

Analysts Set New Price Targets

GBX has been the topic of several research analyst reports. Susquehanna raised their price objective on Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Stephens raised their price target on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TheStreet upgraded shares of Greenbrier Companies from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Finally, TD Cowen raised their target price on shares of Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.00.

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.