Insider Selling: Greenbrier Companies Inc. (GBX) EVP Sells $96,411.28 in Stock
Greenbrier Companies Inc. (NYSE:GBX) EVP James T. Sharp sold 2,996 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $32.18, for a total transaction of $96,411.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Greenbrier Companies Inc. (NYSE:GBX) opened at 35.35 on Monday. Greenbrier Companies Inc. has a 52 week low of $19.89 and a 52 week high of $37.40. The firm has a 50 day moving average of $34.30 and a 200-day moving average of $31.59. The stock has a market capitalization of $1.00 billion, a PE ratio of 6.17 and a beta of 1.87.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.14 by $0.08. The business earned $595.20 million during the quarter, compared to analysts’ expectations of $619.43 million. Greenbrier Companies had a net margin of 6.84% and a return on equity of 19.02%. The firm’s revenue was down 22.2% on a year-over-year basis. During the same period last year, the company earned $2.02 earnings per share. On average, equities analysts predict that Greenbrier Companies Inc. will post $3.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Tuesday, November 8th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 14.63%.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its stake in shares of Greenbrier Companies by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,660,249 shares of the company’s stock worth $45,889,000 after buying an additional 10,449 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Greenbrier Companies by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 170,628 shares of the company’s stock worth $4,716,000 after buying an additional 118,290 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Greenbrier Companies during the first quarter worth about $2,229,000. Mount Lucas Management LP increased its stake in shares of Greenbrier Companies by 11.3% in the first quarter. Mount Lucas Management LP now owns 30,863 shares of the company’s stock worth $853,000 after buying an additional 3,136 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Greenbrier Companies by 9.4% in the first quarter. Royal Bank of Canada now owns 1,510,952 shares of the company’s stock worth $41,762,000 after buying an additional 129,483 shares during the period. 93.72% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on GBX shares. Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Wells Fargo & Co. restated a “hold” rating and issued a $31.00 price objective on shares of Greenbrier Companies in a report on Monday, September 19th. Zacks Investment Research cut shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 13th. Bank of America Corp. cut shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Wednesday, October 26th. They noted that the move was a valuation call. Finally, Cowen and Company upped their price objective on shares of Greenbrier Companies from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, October 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently 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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