Mark J. Rittenbaum Sells 7,869 Shares of Greenbrier Companies Inc. (GBX) Stock
Greenbrier Companies Inc. (NYSE:GBX) EVP Mark J. Rittenbaum sold 7,869 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $30.81, for a total value of $242,443.89. Following the completion of the sale, the executive vice president now owns 89,107 shares in the company, valued at approximately $2,745,386.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Greenbrier Companies Inc. (NYSE:GBX) opened at 34.55 on Friday. Greenbrier Companies Inc. has a one year low of $19.89 and a one year high of $37.40. The firm has a market cap of $979.94 million, a P/E ratio of 6.03 and a beta of 1.87. The firm has a 50 day moving average price of $34.29 and a 200-day moving average price of $31.54.
Greenbrier Companies (NYSE:GBX) last announced its earnings results on Tuesday, October 25th. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by $0.08. Greenbrier Companies had a return on equity of 19.02% and a net margin of 6.84%. The business earned $595.20 million during the quarter, compared to analysts’ expectations of $619.43 million. During the same quarter in the previous year, the firm earned $2.02 EPS. Greenbrier Companies’s quarterly revenue was down 22.2% on a year-over-year basis. Analysts forecast that Greenbrier Companies Inc. will post $3.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.43%. Greenbrier Companies’s payout ratio is presently 14.63%.
Several institutional investors have recently made changes to their positions in GBX. Tower Research Capital LLC TRC acquired a new position in shares of Greenbrier Companies during the second quarter worth $108,000. Teacher Retirement System of Texas increased its position in Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock valued at $116,000 after buying an additional 678 shares during the last quarter. US Bancorp DE increased its position in Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock valued at $143,000 after buying an additional 1,288 shares during the last quarter. Mason Street Advisors LLC purchased a new position in Greenbrier Companies during the second quarter valued at approximately $146,000. Finally, Victory Capital Management Inc. increased its position in Greenbrier Companies by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,984 shares of the company’s stock valued at $233,000 after buying an additional 1,194 shares during the last quarter. Hedge funds and other institutional investors own 95.08% of the company’s stock.
A number of equities analysts have recently weighed in on GBX shares. Standpoint Research reiterated a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Wells Fargo & Co. reiterated a “hold” rating and set a $31.00 target price on shares of Greenbrier Companies in a research note on Monday, September 19th. Zacks Investment Research lowered Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Bank of America Corp. lowered Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 26th. They noted that the move was a valuation call. Finally, Cowen and Company increased their target price on Greenbrier Companies from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, October 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.73.
About Greenbrier Companies
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.
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