The Greenbrier Companies, Inc. (NYSE:GBX) EVP Brian J. Comstock Sells 10,000 Shares

The Greenbrier Companies, Inc. (NYSE:GBX) EVP Brian J. Comstock sold 10,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $52.48, for a total value of $524,800.00. Following the transaction, the executive vice president now owns 70,111 shares in the company, valued at approximately $3,679,425.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Greenbrier Companies Stock Down 3.2 %

GBX opened at $49.39 on Wednesday. The Greenbrier Companies, Inc. has a 1-year low of $25.41 and a 1-year high of $58.00. 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 stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.82 and a beta of 1.66. The business has a 50 day moving average of $51.13 and a 200-day moving average of $45.23.

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

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 23rd will be given a $0.30 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.20 annualized dividend and a yield of 2.43%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 35.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in Greenbrier Companies by 1.5% in the first quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock worth $801,000 after purchasing an additional 224 shares during the period. Cornerstone Investment Partners LLC bought a new position in Greenbrier Companies in the first quarter worth $206,000. Austin Asset Management Co Inc lifted its position in Greenbrier Companies by 32.1% in the first quarter. Austin Asset Management Co Inc now owns 17,207 shares of the transportation company’s stock worth $896,000 after purchasing an additional 4,185 shares during the period. UMB Bank n.a. raised its stake in Greenbrier Companies by 25.0% during the first quarter. UMB Bank n.a. now owns 12,501 shares of the transportation company’s stock worth $651,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Tradewinds Capital Management LLC acquired a new position in Greenbrier Companies during the first quarter worth $78,000. 95.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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