William J. Krueger Sells 2,389 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBX) COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Greenbrier Companies Trading Down 1.0 %

GBX stock traded down $0.59 during mid-day trading on Wednesday, reaching $60.68. The company had a trading volume of 409,587 shares, compared to its average volume of 327,703. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The company has a market capitalization of $1.90 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.63 and a beta of 1.53. The firm has a 50 day moving average of $50.18 and a 200 day moving average of $50.00. The Greenbrier Companies, Inc. has a 12 month low of $33.61 and a 12 month high of $63.45.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.60. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts predict that The Greenbrier Companies, Inc. will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.98%. Greenbrier Companies’s dividend payout ratio is presently 24.14%.

Analysts Set New Price Targets

GBX has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. Susquehanna upped their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Finally, StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.00.

Hedge Funds Weigh In On Greenbrier Companies

A number of hedge funds and other institutional investors have recently modified their holdings of GBX. Encompass Capital Advisors LLC bought a new position in shares of Greenbrier Companies during the second quarter valued at approximately $19,820,000. Hennessy Advisors Inc. acquired a new stake in Greenbrier Companies in the second quarter valued at approximately $8,126,000. LSV Asset Management boosted its stake in Greenbrier Companies by 112.4% in the first quarter. LSV Asset Management now owns 218,133 shares of the transportation company’s stock valued at $11,365,000 after acquiring an additional 115,421 shares in the last quarter. Galibier Capital Management Ltd. acquired a new stake in Greenbrier Companies in the second quarter valued at approximately $5,175,000. Finally, SG Capital Management LLC acquired a new stake in Greenbrier Companies in the first quarter valued at approximately $4,594,000. 95.59% of the stock is currently owned by institutional investors.

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.