Mark J. Rittenbaum Sells 6,500 Shares of Greenbrier Companies Inc. (GBX) Stock
Greenbrier Companies Inc. (NYSE:GBX) EVP Mark J. Rittenbaum sold 6,500 shares of Greenbrier Companies stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $36.82, for a total transaction of $239,330.00. Following the transaction, the executive vice president now directly owns 82,607 shares of the company’s stock, valued at $3,041,589.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Greenbrier Companies Inc. (NYSE:GBX) opened at 35.80 on Thursday. Greenbrier Companies Inc. has a 1-year low of $19.89 and a 1-year high of $37.40. The firm has a market cap of $1.02 billion, a P/E ratio of 6.25 and a beta of 1.87. The company has a 50-day moving average price of $34.46 and a 200-day moving average price of $31.72.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.08. The company 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 company’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.02 earnings per share. On average, equities research analysts forecast that Greenbrier Companies Inc. will post $3.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 yield of 2.35%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 14.63%.
A number of equities analysts have commented on GBX shares. Zacks Investment Research cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Monday, September 19th. Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a research report on Wednesday, July 27th. Wells Fargo & Co. reaffirmed a “hold” rating and set a $31.00 price objective on shares of Greenbrier Companies in a research report on Monday, September 19th. Bank of America Corp. cut shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 26th. They noted that the move was a valuation call. Finally, Vetr cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating and set a $35.84 price objective for the company. in a research report on Wednesday, October 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $34.73.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its position in shares of Greenbrier Companies by 0.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,950 shares of the company’s stock worth $422,000 after buying an additional 90 shares during the period. Bragg Financial Advisors Inc increased its position in shares of Greenbrier Companies by 0.4% in the third quarter. Bragg Financial Advisors Inc now owns 39,138 shares of the company’s stock worth $1,382,000 after buying an additional 160 shares during the period. Westbourne Investment Advisors Inc. increased its position in shares of Greenbrier Companies by 0.5% in the third quarter. Westbourne Investment Advisors Inc. now owns 40,440 shares of the company’s stock worth $1,428,000 after buying an additional 210 shares during the period. BlackRock Investment Management LLC increased its position in shares of Greenbrier Companies by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 124,133 shares of the company’s stock worth $4,382,000 after buying an additional 400 shares during the period. Finally, American International Group Inc. increased its position in shares of Greenbrier Companies by 2.2% in the third quarter. American International Group Inc. now owns 20,352 shares of the company’s stock worth $718,000 after buying an additional 429 shares during the period. Hedge funds and other institutional investors own 93.72% of the company’s stock.
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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