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

The Greenbrier Companies, Inc. (NYSE:GBX)’s stock 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 changed hands during trading, a decline of 64% from the average session volume of 329,730 shares. The stock had previously closed at $60.44.

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

Insider Activity

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total transaction of $114,608.00. Following the sale, the senior vice president now owns 33,776 shares of the company’s stock, valued at $1,959,008. The trade was a 5.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now owns 48,714 shares of the company’s stock, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in Greenbrier Companies by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company’s stock valued at $990,000 after purchasing an additional 562 shares in the last quarter. Tidal Investments LLC boosted its stake in Greenbrier Companies by 27.9% during the third quarter. Tidal Investments LLC now owns 5,454 shares of the transportation company’s stock valued at $278,000 after buying an additional 1,190 shares in the last quarter. Geode Capital Management LLC grew its holdings in Greenbrier Companies by 1.1% during the third quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock worth $36,237,000 after acquiring an additional 7,886 shares during the period. Hodges Capital Management Inc. raised its position in Greenbrier Companies by 216.6% in the third quarter. Hodges Capital Management Inc. now owns 319,094 shares of the transportation company’s stock worth $16,239,000 after acquiring an additional 218,294 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Greenbrier Companies in the 3rd quarter valued at about $296,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

The company’s 50-day moving average price is $64.59 and its two-hundred day moving average price is $54.57. The company has a market cap of $2.00 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.54. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. During the same period in the previous year, the firm earned $0.96 earnings per share. Greenbrier Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies’s payout ratio is 20.94%.

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.