Greenbrier Companies (NYSE:GBX) Hits New 1-Year High – Here’s What Happened

The Greenbrier Companies, Inc. (NYSE:GBX)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $69.54 and last traded at $70.24, with a volume of 43684 shares trading hands. The stock had previously closed at $67.67.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GBX shares. Bank of America lifted their target price on Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research note on Thursday, January 9th. Susquehanna upped their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.00.

Greenbrier Companies Trading Up 4.0 %

The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.98 and a beta of 1.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The business’s 50-day moving average price is $65.05 and its two-hundred day moving average price is $55.65.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to analysts’ expectations of $849.51 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. Greenbrier Companies’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. Research analysts predict that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. Greenbrier Companies’s dividend payout ratio is currently 20.94%.

Insider Buying and Selling at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 48,714 shares of the company’s stock, valued at $2,863,408.92. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ricardo Galvan sold 4,950 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total transaction of $321,750.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,727 shares of company stock worth $675,730 over the last 90 days. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Greenbrier Companies

A number of hedge funds have recently modified their holdings of GBX. Encompass Capital Advisors LLC bought a new position in Greenbrier Companies during the 2nd quarter worth approximately $19,820,000. Hodges Capital Management Inc. lifted its holdings 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 valued at $16,239,000 after buying an additional 218,294 shares during the period. Millennium Management LLC boosted its position in Greenbrier Companies by 77.4% during the second quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock valued at $7,146,000 after acquiring an additional 62,911 shares during the last quarter. von Borstel & Associates Inc. acquired a new stake in Greenbrier Companies during the 3rd quarter worth about $1,823,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Greenbrier Companies by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after purchasing an additional 32,191 shares during the period. Institutional investors and hedge funds own 95.59% of the company’s stock.

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.