Ricardo Galvan Sells 1,976 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBX) SVP Ricardo Galvan sold 1,976 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the completion of the sale, the senior vice president now owns 33,776 shares in the company, valued at $1,959,008. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ricardo Galvan also recently made the following trade(s):

• On Monday, October 28th, Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $61.27 on Wednesday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.63 and a beta of 1.53. The firm’s 50-day moving average price is $50.18 and its 200-day moving average price is $50.00. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The Greenbrier Companies, Inc. has a 1-year low of $32.86 and a 1-year high of $63.45.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.60. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts anticipate that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s payout ratio is currently 24.14%.

Analyst Upgrades and Downgrades

GBX has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, October 24th. Susquehanna lifted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Finally, StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, Greenbrier Companies has a consensus rating of “Hold” and an average target price of $60.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Greenbrier Companies by 1.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock valued at $80,111,000 after buying an additional 18,552 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in Greenbrier Companies during the 2nd quarter valued at about $19,820,000. LSV Asset Management increased its holdings in Greenbrier Companies by 12.9% during the 2nd quarter. LSV Asset Management now owns 246,233 shares of the transportation company’s stock worth $12,201,000 after purchasing an additional 28,100 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Greenbrier Companies in the second quarter worth approximately $8,126,000. Finally, VELA Investment Management LLC lifted its holdings in shares of Greenbrier Companies by 14.4% in the third quarter. VELA Investment Management LLC now owns 150,295 shares of the transportation company’s stock valued at $7,649,000 after purchasing an additional 18,924 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

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.