Insider Selling: The Greenbrier Companies, Inc. (NYSE:GBX) SVP Sells 1,388 Shares of Stock

The Greenbrier Companies, Inc. (NYSE:GBX) SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.00, for a total value of $86,056.00. Following the sale, the senior vice president now directly owns 32,388 shares in the company, valued at approximately $2,008,056. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, October 24th, Ricardo Galvan sold 1,976 shares of Greenbrier Companies stock. The stock was sold at an average price of $58.00, for a total transaction of $114,608.00.

Greenbrier Companies Stock Up 1.7 %

GBX traded up $1.03 during trading hours on Monday, hitting $62.18. 783,947 shares of the company’s stock were exchanged, compared to its average volume of 326,845. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.63 and a beta of 1.53. The Greenbrier Companies, Inc. has a 1-year low of $32.86 and a 1-year high of $63.45. The stock’s 50-day moving average is $49.58 and its two-hundred day moving average is $49.88. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.60. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. Sell-side analysts predict that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is 31.41%.

Institutional Investors Weigh In On Greenbrier Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Greenbrier Companies by 1.2% in 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 in the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Greenbrier Companies in the 2nd quarter valued at about $19,820,000. LSV Asset Management increased its stake in shares of 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 during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Greenbrier Companies in the 2nd quarter valued at about $8,126,000. Finally, Millennium Management LLC lifted its stake in Greenbrier Companies by 77.4% in the 2nd quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock valued at $7,146,000 after purchasing an additional 62,911 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.

Wall Street Analyst Weigh In

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

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.