Greenbrier Companies (NYSE:GBX) Shares Gap Down – Time to Sell?

Shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) gapped down before the market opened on Tuesday . The stock had previously closed at $45.07, but opened at $42.98. Greenbrier Companies shares last traded at $42.65, with a volume of 110,990 shares.

Wall Street Analysts Forecast Growth

GBX has been the subject of several research analyst reports. Zacks Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings lowered shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Susquehanna cut shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Thursday, July 2nd. Finally, Wall Street Zen upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Greenbrier Companies presently has an average rating of “Reduce” and a consensus price target of $45.00.

Greenbrier Companies Price Performance

The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.40 and a beta of 1.43. The business has a fifty day moving average price of $48.10 and a two-hundred day moving average price of $50.14.

Greenbrier Companies (NYSE:GBX) last released its 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 firm had revenue of $576.50 million during the quarter, compared to the consensus estimate of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company’s revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. On average, research analysts predict that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.3%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 40.36%.

Institutional Trading of Greenbrier Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. VELA Investment Management LLC raised its holdings in shares of Greenbrier Companies by 2.8% during the second quarter. VELA Investment Management LLC now owns 94,828 shares of the transportation company’s stock worth $4,648,000 after purchasing an additional 2,547 shares during the last quarter. Amundi boosted its holdings in Greenbrier Companies by 15.9% in the second quarter. Amundi now owns 5,974 shares of the transportation company’s stock valued at $293,000 after purchasing an additional 820 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Greenbrier Companies in the second quarter valued at $1,088,000. California State Teachers Retirement System grew its position in Greenbrier Companies by 4,393.8% during the 2nd quarter. California State Teachers Retirement System now owns 1,680,014 shares of the transportation company’s stock worth $82,337,000 after purchasing an additional 1,642,629 shares during the period. Finally, AXQ Capital LP acquired a new stake in Greenbrier Companies during the 2nd quarter worth about $926,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

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.