Greenbrier Companies (NYSE:GBX) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Greenbrier Companies (NYSE:GBX) from a sell rating to a hold rating in a research note issued to investors on Saturday.

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

Greenbrier Companies Price Performance

Greenbrier Companies stock opened at $49.32 on Friday. Greenbrier Companies has a 12-month low of $38.23 and a 12-month high of $59.19. The stock has a market capitalization of $1.53 billion, a P/E ratio of 14.64 and a beta of 1.43. The firm’s 50-day moving average is $48.72 and its two-hundred day moving average is $50.80.

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

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, July 16th. Greenbrier Companies’s dividend payout ratio is presently 40.36%.

Institutional Investors Weigh In On Greenbrier Companies

A number of institutional investors have recently bought and sold shares of the stock. Austin Asset Management Co Inc raised its stake in Greenbrier Companies by 0.9% during the fourth quarter. Austin Asset Management Co Inc now owns 21,403 shares of the transportation company’s stock worth $1,000,000 after purchasing an additional 200 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Greenbrier Companies by 2.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,114 shares of the transportation company’s stock valued at $333,000 after buying an additional 200 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Greenbrier Companies by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 17,188 shares of the transportation company’s stock valued at $802,000 after buying an additional 217 shares during the period. California State Teachers Retirement System increased its holdings in shares of Greenbrier Companies by 1.6% during the 2nd quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company’s stock worth $1,324,000 after buying an additional 454 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Greenbrier Companies by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company’s stock worth $747,000 after buying an additional 470 shares during the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

About Greenbrier Companies

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.