Greenbrier Companies (NYSE:GBX) Shares Up 6.1% on Analyst Upgrade

The Greenbrier Companies, Inc. (NYSE:GBX)’s share price traded up 6.1% on Friday after Bank of America raised their price target on the stock from $60.00 to $62.00. Bank of America currently has an underperform rating on the stock. Greenbrier Companies traded as high as $64.59 and last traded at $64.10. 119,531 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 329,730 shares. The stock had previously closed at $60.44.

Separately, Susquehanna increased their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.00.

Insider Buying and Selling

In other news, COO William J. Krueger sold 2,000 shares of the stock in a transaction 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 owns 48,714 shares of the company’s stock, 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 can be accessed through this link. Also, SVP Ricardo Galvan sold 4,950 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.00, for a total value of $321,750.00. Following the transaction, the senior vice president now owns 27,472 shares in the company, valued at approximately $1,785,680. This represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock valued at $790,338 in the last 90 days. Company insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Greenbrier Companies by 60.9% in the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after purchasing an additional 207 shares during the period. Nisa Investment Advisors LLC boosted its position in Greenbrier Companies by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after acquiring an additional 363 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Greenbrier Companies in the 2nd quarter valued at $25,000. Moors & Cabot Inc. raised its position in shares of Greenbrier Companies by 2.0% in the 3rd quarter. Moors & Cabot Inc. now owns 24,950 shares of the transportation company’s stock worth $1,270,000 after acquiring an additional 500 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Greenbrier Companies by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company’s stock worth $990,000 after purchasing an additional 562 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors.

Greenbrier Companies Stock Performance

The business has a 50-day moving average of $64.67 and a two-hundred day moving average of $54.69. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The company has a market cap of $1.97 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.96 and a beta of 1.54.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $875.90 million for the quarter, compared to analysts’ expectations of $849.51 million. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. On average, sell-side analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Wednesday, January 29th. Greenbrier Companies’s payout ratio is presently 20.94%.

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.