Lorie Tekorius Sells 9,642 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBX) CEO Lorie Tekorius sold 9,642 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $52.00, for a total transaction of $501,384.00. Following the completion of the transaction, the chief executive officer now owns 226,611 shares of the company’s stock, valued at approximately $11,783,772. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greenbrier Companies Stock Performance

NYSE GBX opened at $53.53 on Thursday. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The firm’s fifty day moving average price is $50.90 and its two-hundred day moving average price is $44.89. The Greenbrier Companies, Inc. has a 1 year low of $25.41 and a 1 year high of $58.00. The firm has a market capitalization of $1.67 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.66.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.28. The firm had revenue of $862.70 million for the quarter, compared to analyst estimates of $841.58 million. Greenbrier Companies had a net margin of 2.97% and a return on equity of 9.05%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, research analysts anticipate that The Greenbrier Companies, Inc. will post 4.13 EPS for the current year.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, April 22nd. Greenbrier Companies’s payout ratio is presently 35.29%.

Hedge Funds Weigh In On Greenbrier Companies

Several large investors have recently modified their holdings of GBX. AE Wealth Management LLC bought a new position in shares of Greenbrier Companies in the third quarter valued at about $521,000. Everence Capital Management Inc. bought a new position in shares of Greenbrier Companies in the third quarter valued at about $241,000. Mach 1 Financial Group LLC bought a new position in shares of Greenbrier Companies in the third quarter valued at about $466,000. Carolina Wealth Advisors LLC bought a new position in shares of Greenbrier Companies in the third quarter valued at about $539,000. Finally, Occidental Asset Management LLC raised its position in shares of Greenbrier Companies by 73.3% in the third quarter. Occidental Asset Management LLC now owns 28,964 shares of the transportation company’s stock valued at $1,159,000 after purchasing an additional 12,253 shares during the period. 95.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GBX shares. Susquehanna increased their target price on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. TheStreet upgraded shares of Greenbrier Companies from a “c+” rating to a “b” rating in a report on Friday, January 5th. Stephens increased their target price on shares of Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, TD Cowen increased their target price on shares of Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.00.

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.