The Greenbrier Companies, Inc. (NYSE:GBX) Sees Significant Decrease in Short Interest

The Greenbrier Companies, Inc. (NYSE:GBX) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,130,000 shares, a decline of 6.2% from the December 15th total of 2,270,000 shares. Based on an average daily trading volume, of 316,700 shares, the short-interest ratio is currently 6.7 days. Approximately 7.1% of the shares of the company are short sold.

Insider Transactions at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the transaction, the senior vice president now directly owns 32,388 shares in the company, valued at approximately $2,008,056. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.94, for a total value of $150,363.66. Following the completion of the sale, the chief operating officer now owns 50,714 shares of the company’s stock, valued at approximately $3,191,939.16. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,703 shares of company stock worth $790,338. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Greenbrier Companies

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in Greenbrier Companies by 4,988.9% in the 3rd quarter. International Assets Investment Management LLC now owns 23,460 shares of the transportation company’s stock worth $11,940,000 after buying an additional 22,999 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Greenbrier Companies by 1.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock worth $80,111,000 after acquiring an additional 18,552 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Greenbrier Companies during the second quarter valued at $19,820,000. De Lisle Partners LLP grew its stake in shares of Greenbrier Companies by 36.3% in the 3rd quarter. De Lisle Partners LLP now owns 93,949 shares of the transportation company’s stock valued at $4,777,000 after buying an additional 25,000 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Greenbrier Companies by 77.4% during the 2nd quarter. Millennium Management LLC now owns 144,221 shares of the transportation company’s stock worth $7,146,000 after purchasing an additional 62,911 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Trading Up 0.5 %

Shares of NYSE GBX traded up $0.31 during mid-day trading on Friday, hitting $66.85. 663,412 shares of the company traded hands, compared to its average volume of 292,397. Greenbrier Companies has a 1 year low of $41.40 and a 1 year high of $69.12. The business has a 50 day moving average of $64.96 and a two-hundred day moving average of $55.28. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.82 and a beta of 1.54. The company has a quick ratio of 0.87, a current ratio of 1.53 and a debt-to-equity ratio of 0.89.

Greenbrier Companies (NYSE:GBX) last issued 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 the consensus estimate of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. Greenbrier Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, sell-side analysts anticipate that Greenbrier Companies will post 5.9 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, February 19th. Stockholders of record on Wednesday, January 29th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio (DPR) is 20.94%.

Analysts Set New Price Targets

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

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.