William J. Krueger Sells 2,389 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBX) COO William J. Krueger sold 2,389 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.94, for a total transaction of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares in the company, valued at approximately $3,191,939.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greenbrier Companies Stock Down 2.3 %

Shares of GBX stock opened at $59.30 on Friday. The stock’s 50 day simple moving average is $50.72 and its 200 day simple moving average is $50.14. The Greenbrier Companies, Inc. has a twelve month low of $33.61 and a twelve month high of $63.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.63 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.60. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. As a group, research analysts predict that The Greenbrier Companies, Inc. will post 4.35 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is 24.14%.

Hedge Funds Weigh In On Greenbrier Companies

Institutional investors have recently made changes to their positions in the business. Encompass Capital Advisors LLC bought a new stake in Greenbrier Companies during the 2nd quarter valued at approximately $19,820,000. Hennessy Advisors Inc. bought a new stake in shares of Greenbrier Companies in the second quarter valued at approximately $8,126,000. LSV Asset Management grew its stake in shares of Greenbrier Companies by 112.4% in the first quarter. LSV Asset Management now owns 218,133 shares of the transportation company’s stock worth $11,365,000 after acquiring an additional 115,421 shares during the last quarter. Galibier Capital Management Ltd. bought a new position in Greenbrier Companies during the second quarter worth $5,175,000. Finally, SG Capital Management LLC acquired a new position in Greenbrier Companies during the 1st quarter valued at $4,594,000. 95.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.