Greenbrier Companies Inc. (GBX) EVP Sells $238,125.00 in Stock
Greenbrier Companies Inc. (NYSE:GBX) EVP Mark J. Rittenbaum sold 6,250 shares of Greenbrier Companies stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $38.10, for a total value of $238,125.00. Following the transaction, the executive vice president now directly owns 76,357 shares in the company, valued at $2,909,201.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Greenbrier Companies Inc. (NYSE:GBX) traded up 3.78% during trading on Wednesday, reaching $38.45. The company’s stock had a trading volume of 487,407 shares. The firm has a market cap of $1.09 billion, a P/E ratio of 6.71 and a beta of 1.87. The stock’s 50 day moving average is $34.65 and its 200-day moving average is $32.05. Greenbrier Companies Inc. has a 52 week low of $19.89 and a 52 week high of $38.70.
Greenbrier Companies (NYSE:GBX) last released its earnings results on Tuesday, October 25th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.14 by $0.08. Greenbrier Companies had a net margin of 6.84% and a return on equity of 19.02%. The company earned $595.20 million during the quarter, compared to analyst estimates of $619.43 million. During the same period in the previous year, the company posted $2.02 EPS. The company’s quarterly revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts forecast that Greenbrier Companies Inc. will post $3.37 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.84 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, November 8th. Greenbrier Companies’s payout ratio is 14.63%.
A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC bought a new position in Greenbrier Companies during the third quarter valued at $216,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Greenbrier Companies by 32.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 231,416 shares of the company’s stock valued at $8,168,000 after buying an additional 56,900 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Greenbrier Companies by 70.6% in the third quarter. Panagora Asset Management Inc. now owns 71,510 shares of the company’s stock valued at $2,524,000 after buying an additional 29,593 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Greenbrier Companies during the third quarter valued at about $653,000. Finally, Scopia Capital Management LP acquired a new stake in shares of Greenbrier Companies during the third quarter valued at about $10,090,000. 97.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on GBX. Zacks Investment Research raised Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Thursday, October 27th. Vetr lowered Greenbrier Companies from a “hold” rating to a “sell” rating and set a $35.84 target price on the stock. in a report on Wednesday, October 19th. Cowen and Company lifted their price target on Greenbrier Companies from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, October 14th. Standpoint Research cut Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, Bank of America Corp. cut 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 investment 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 a consensus rating of “Hold” and an average 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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