Greenbrier Companies (NYSE:GBX) Cut to “Hold” at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Greenbrier Companies (NYSE:GBX – Free Report) from a strong-buy rating to a hold rating in a report released on Saturday.

Several other research firms have also recently commented on GBX. Susquehanna decreased their target price on Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Greenbrier Companies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $57.00.

View Our Latest Stock Analysis on Greenbrier Companies

Greenbrier Companies Trading Up 0.2%

NYSE GBX opened at $41.87 on Friday. The business has a 50 day simple moving average of $45.63 and a 200 day simple moving average of $46.25. Greenbrier Companies has a one year low of $37.77 and a one year high of $71.06. The stock has a market capitalization of $1.30 billion, a P/E ratio of 6.65, a P/E/G ratio of 1.82 and a beta of 1.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.43 and a quick ratio of 0.82.

Greenbrier Companies (NYSE:GBX – Get Free Report) last released its earnings results on Wednesday, May 31st. The transportation company reported $0.05 EPS for the quarter. Greenbrier Companies had a return on equity of 12.90% and a net margin of 6.30%.The business had revenue of $766.50 million during the quarter. Research analysts expect that Greenbrier Companies will post 5.9 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.28 annualized dividend and a dividend yield of 3.1%. Greenbrier Companies’s payout ratio is presently 20.32%.

Insider Activity

In related news, Director James R. Huffines bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average price of $44.84 per share, with a total value of $112,100.00. Following the completion of the transaction, the director directly owned 13,909 shares in the company, valued at approximately $623,679.56. This represents a 21.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GBX. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Greenbrier Companies during the first quarter valued at approximately $586,000. New York State Teachers Retirement System lifted its holdings in Greenbrier Companies by 27.2% during the first quarter. New York State Teachers Retirement System now owns 13,848 shares of the transportation company’s stock worth $709,000 after acquiring an additional 2,960 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Greenbrier Companies in the first quarter valued at $235,000. Principal Financial Group Inc. raised its stake in shares of Greenbrier Companies by 2.7% in the first quarter. Principal Financial Group Inc. now owns 156,118 shares of the transportation company’s stock valued at $7,996,000 after buying an additional 4,089 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Greenbrier Companies by 24.9% in the first quarter. Envestnet Asset Management Inc. now owns 8,139 shares of the transportation company’s stock valued at $417,000 after buying an additional 1,623 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

(Get Free Report)

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.

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