Greenbrier Companies (NYSE:GBX) Cut to Sell at Wall Street Zen

Greenbrier Companies (NYSE:GBX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Susquehanna lowered Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Thursday, July 2nd. Finally, Zacks Research upgraded Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $45.00.

Greenbrier Companies Trading Up 1.2%

Shares of NYSE GBX traded up $0.54 on Friday, reaching $47.20. 412,329 shares of the company traded hands, compared to its average volume of 583,476. The stock has a market capitalization of $1.46 billion, a PE ratio of 14.01 and a beta of 1.43. Greenbrier Companies has a fifty-two week low of $38.23 and a fifty-two week high of $59.19. The company has a 50 day moving average of $48.44 and a 200 day moving average of $50.55.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $576.50 million for the quarter, compared to analysts’ expectations of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The company’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period last year, the company earned $1.86 earnings per share. As a group, research analysts expect that Greenbrier Companies will post 3.1 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank grew its position in Greenbrier Companies by 254.6% in the fourth quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock valued at $86,900,000 after acquiring an additional 1,334,891 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Greenbrier Companies during the first quarter worth $20,312,000. Goldman Sachs Group Inc. lifted its position in shares of Greenbrier Companies by 98.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company’s stock worth $35,658,000 after purchasing an additional 379,314 shares in the last quarter. Algert Global LLC boosted its stake in shares of Greenbrier Companies by 106.8% in the third quarter. Algert Global LLC now owns 395,503 shares of the transportation company’s stock valued at $18,260,000 after purchasing an additional 204,229 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Greenbrier Companies by 2,223.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 160,592 shares of the transportation company’s stock valued at $7,415,000 after purchasing an additional 153,679 shares during the period. Institutional investors and hedge funds own 95.59% of the company’s stock.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.