Greenbrier Companies, Inc. (The) (GBX) Upgraded at BidaskClub

BidaskClub upgraded shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday, August 8th.

GBX has been the topic of a number of other reports. Cowen and Company boosted their price target on shares of Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the stock an outperform rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of Greenbrier Companies, Inc. (The) from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Greenbrier Companies, Inc. (The) from a buy rating to a hold rating in a research report on Friday, August 4th. Bank of America Corporation upgraded shares of Greenbrier Companies, Inc. (The) from a neutral rating to a buy rating and boosted their target price for the stock from $49.00 to $59.00 in a report on Tuesday, July 4th. Finally, Buckingham Research initiated coverage on shares of Greenbrier Companies, Inc. (The) in a report on Wednesday, June 21st. They issued a neutral rating and a $45.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $45.28.

Greenbrier Companies, Inc. (NYSE GBX) opened at 43.90 on Tuesday. Greenbrier Companies, Inc. has a one year low of $28.95 and a one year high of $51.25. The stock has a market capitalization of $1.25 billion, a PE ratio of 11.07 and a beta of 1.86. The firm has a 50-day moving average of $44.76 and a 200-day moving average of $44.64.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last released its quarterly earnings results on Thursday, June 29th. The transportation company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.21. Greenbrier Companies, Inc. (The) had a net margin of 5.85% and a return on equity of 11.74%. The company had revenue of $439.20 million for the quarter, compared to the consensus estimate of $516.17 million. During the same period in the previous year, the firm earned $1.12 EPS. Greenbrier Companies, Inc. (The)’s revenue was down 28.3% on a year-over-year basis. On average, equities research analysts forecast that Greenbrier Companies, Inc. will post $3.54 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Tuesday, July 18th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, July 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. Greenbrier Companies, Inc. (The)’s dividend payout ratio is currently 22.17%.

In other news, VP Anne Manning sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $46.55, for a total transaction of $279,300.00. Following the sale, the vice president now owns 11,939 shares in the company, valued at $555,760.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark J. Rittenbaum sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $44.75, for a total transaction of $93,975.00. Following the sale, the executive vice president now owns 63,827 shares in the company, valued at approximately $2,856,258.25. The disclosure for this sale can be found here. Insiders have sold 14,100 shares of company stock worth $632,325 in the last 90 days. 4.60% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in GBX. Cetera Investment Advisers purchased a new stake in Greenbrier Companies, Inc. (The) during the second quarter worth about $548,000. Public Employees Retirement System of Ohio increased its position in shares of Greenbrier Companies, Inc. (The) by 410.2% in the second quarter. Public Employees Retirement System of Ohio now owns 13,108 shares of the transportation company’s stock worth $606,000 after buying an additional 10,539 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Greenbrier Companies, Inc. (The) during the second quarter worth approximately $319,000. Piedmont Investment Advisors LLC bought a new position in shares of Greenbrier Companies, Inc. (The) during the second quarter worth approximately $284,000. Finally, Kalos Management Inc. increased its position in shares of Greenbrier Companies, Inc. (The) by 2.3% in the second quarter. Kalos Management Inc. now owns 48,088 shares of the transportation company’s stock worth $2,224,000 after buying an additional 1,060 shares during the last quarter.

Greenbrier Companies, Inc. (The) Company Profile

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

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