A number of other brokerages have also weighed in on GBX. Seaport Global Securities initiated coverage on shares of Greenbrier Companies in a report on Thursday, January 4th. They issued a buy rating and a $65.00 price target for the company. KeyCorp reissued a buy rating and issued a $60.00 price target on shares of Greenbrier Companies in a report on Tuesday, October 24th. Finally, ValuEngine raised shares of Greenbrier Companies from a buy rating to a strong-buy rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Greenbrier Companies has an average rating of Buy and a consensus price target of $58.29.
Shares of Greenbrier Companies (GBX) opened at $46.45 on Friday. The firm has a market cap of $1,333.14, a P/E ratio of 11.97, a PEG ratio of 1.19 and a beta of 1.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.96. Greenbrier Companies has a fifty-two week low of $40.45 and a fifty-two week high of $54.45.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, January 26th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 25th. Greenbrier Companies’s dividend payout ratio is currently 24.86%.
In other Greenbrier Companies news, EVP Alejandro Centurion sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the executive vice president now directly owns 13,523 shares of the company’s stock, valued at $703,196. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William A. Furman sold 117,652 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $46.91, for a total transaction of $5,519,055.32. The disclosure for this sale can be found here. In the last three months, insiders sold 218,352 shares of company stock valued at $10,268,342. 2.46% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in GBX. Tower Research Capital LLC TRC boosted its stake in Greenbrier Companies by 872.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,529 shares during the last quarter. Eqis Capital Management Inc. bought a new position in Greenbrier Companies in the fourth quarter valued at approximately $206,000. Baird Financial Group Inc. bought a new position in Greenbrier Companies in the fourth quarter valued at approximately $213,000. C M Bidwell & Associates Ltd. bought a new position in Greenbrier Companies in the fourth quarter valued at approximately $245,000. Finally, Macquarie Group Ltd. bought a new position in shares of Greenbrier Companies during the third quarter worth $265,000.
About Greenbrier Companies
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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