Lorie Tekorius Sells 1,361 Shares of Greenbrier Companies Inc. (GBX) Stock
Greenbrier Companies Inc. (NYSE:GBX) CFO Lorie Tekorius sold 1,361 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $36.30, for a total transaction of $49,404.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Greenbrier Companies Inc. (NYSE:GBX) opened at 35.90 on Thursday. Greenbrier Companies Inc. has a 12 month low of $19.89 and a 12 month high of $37.40. The company’s 50-day moving average is $34.46 and its 200 day moving average is $31.72. The firm has a market cap of $1.02 billion, a P/E ratio of 6.27 and a beta of 1.87.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.08. Greenbrier Companies had a return on equity of 19.02% and a net margin of 6.84%. The company earned $595.20 million during the quarter, compared to the consensus estimate of $619.43 million. During the same quarter in the previous year, the business posted $2.02 EPS. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. Equities research analysts expect that Greenbrier Companies Inc. will post $3.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, November 8th. Greenbrier Companies’s payout ratio is currently 14.63%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in shares of Greenbrier Companies during the second quarter worth approximately $108,000. Teacher Retirement System of Texas boosted its position in shares of Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock worth $116,000 after buying an additional 678 shares during the last quarter. US Bancorp DE boosted its position in shares of Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock worth $143,000 after buying an additional 1,288 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of Greenbrier Companies during the second quarter worth approximately $146,000. Finally, Hsbc Holdings PLC bought a new position in shares of Greenbrier Companies during the third quarter worth approximately $215,000. Institutional investors own 93.72% of the company’s stock.
A number of research analysts have commented on GBX shares. Zacks Investment Research upgraded shares of Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, September 6th. Vetr downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating and set a $35.84 price objective on the stock. in a research note on Monday, October 10th. Credit Agricole SA started coverage on shares of Greenbrier Companies in a research note on Friday, September 30th. They set an “underperform” rating and a $35.00 price objective on the stock. Wells Fargo & Co. reiterated a “hold” rating and set a $31.00 price objective on shares of Greenbrier Companies in a research note on Monday, September 19th. Finally, Bank of America Corp. downgraded shares of 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. Two 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. Greenbrier Companies currently has a consensus rating of “Hold” and a consensus price target of $34.73.
Greenbrier Companies Company Profile
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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