Greenbrier Companies (NYSE:GBX) Stock Price Up 5.9% – What’s Next?

Greenbrier Companies, Inc. (The) (NYSE:GBX)’s share price traded up 5.9% during mid-day trading on Thursday . The company traded as high as $50.82 and last traded at $50.9270. 79,917 shares traded hands during trading, a decline of 83% from the average daily volume of 461,194 shares. The stock had previously closed at $48.09.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GBX shares. Zacks Research upgraded Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings lowered Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Wall Street Zen cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $45.00.

Greenbrier Companies Trading Up 6.8%

The firm has a market capitalization of $1.59 billion, a P/E ratio of 15.22 and a beta of 1.43. The stock has a 50-day simple moving average of $48.32 and a two-hundred day simple moving average of $50.61.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $576.50 million during the quarter, compared to analysts’ expectations of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The company’s revenue was down 31.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, research analysts expect that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.6%. Greenbrier Companies’s payout ratio is presently 40.36%.

Institutional Investors Weigh In On Greenbrier Companies

A number of large investors have recently made changes to their positions in GBX. Toronto Dominion Bank boosted its holdings in shares of Greenbrier Companies by 254.6% in the 4th quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock valued at $86,900,000 after acquiring an additional 1,334,891 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Greenbrier Companies during the 1st quarter valued at about $20,312,000. Goldman Sachs Group Inc. raised its stake in shares of Greenbrier Companies by 98.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company’s stock valued at $35,658,000 after buying an additional 379,314 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Greenbrier Companies by 2,223.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 160,592 shares of the transportation company’s stock valued at $7,415,000 after buying an additional 153,679 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Greenbrier Companies by 42.6% in the second quarter. Qube Research & Technologies Ltd now owns 510,505 shares of the transportation company’s stock worth $23,509,000 after buying an additional 152,524 shares during the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.