Greenbrier Companies (NYSE:GBX) Reaches New 12-Month Low – Here’s What Happened

Greenbrier Companies, Inc. (The) (NYSE:GBX)’s share price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $37.59 and last traded at $37.6760, with a volume of 123,554 shares traded. The stock had previously closed at $38.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings lowered shares of Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Susquehanna cut Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $45.00.

Greenbrier Companies Price Performance

The stock has a market capitalization of $1.16 billion, a PE ratio of 10.84 and a beta of 1.45. The company has a 50 day moving average price of $42.34 and a 200-day moving average price of $46.64.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Greenbrier Companies by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,979,546 shares of the transportation company’s stock worth $104,222,000 after purchasing an additional 13,153 shares during the period. Atlas FRM LLC purchased a new position in shares of Greenbrier Companies during the second quarter valued at about $38,599,688. Donald Smith & CO. Inc. bought a new position in Greenbrier Companies in the second quarter worth about $31,987,000. Deprince Race & Zollo Inc. bought a new position in Greenbrier Companies in the first quarter worth about $20,312,000. Finally, Bank of New York Mellon Corp bought a new position in Greenbrier Companies in the second quarter worth about $18,324,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.