The Greenbrier Companies, Inc. (NYSE:GBX) Given Consensus Recommendation of “Hold” by Brokerages

The Greenbrier Companies, Inc. (NYSE:GBX) has received an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $54.00.

Several research firms have commented on GBX. StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Wednesday. Susquehanna increased their price objective on shares of Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th.

Insider Activity

In related news, SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the completion of the transaction, the senior vice president now directly owns 23,226 shares in the company, valued at approximately $1,182,667.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.54% of the company’s stock.

Institutional Trading of Greenbrier Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Greenbrier Companies by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,513,387 shares of the transportation company’s stock valued at $111,042,000 after purchasing an additional 66,323 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Greenbrier Companies by 2.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company’s stock worth $42,222,000 after acquiring an additional 25,300 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in Greenbrier Companies by 2.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 615,762 shares of the transportation company’s stock valued at $27,204,000 after buying an additional 17,293 shares during the period. LSV Asset Management raised its position in shares of Greenbrier Companies by 12.9% in the 2nd quarter. LSV Asset Management now owns 246,233 shares of the transportation company’s stock worth $12,201,000 after acquiring an additional 28,100 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Greenbrier Companies during the fourth quarter valued at about $10,242,000. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Trading Down 2.0 %

Shares of NYSE GBX traded down $0.89 during midday trading on Wednesday, hitting $44.59. 176,764 shares of the company traded hands, compared to its average volume of 348,524. Greenbrier Companies has a 12-month low of $32.00 and a 12-month high of $58.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. The stock has a 50-day moving average price of $49.48 and a 200 day moving average price of $50.04. The firm has a market cap of $1.39 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.61 and a beta of 1.57.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Monday, July 8th. The transportation company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.02). The firm had revenue of $820.20 million for the quarter, compared to the consensus estimate of $928.73 million. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share. As a group, analysts expect that Greenbrier Companies will post 4.35 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.69%. Greenbrier Companies’s dividend payout ratio is currently 31.41%.

About Greenbrier Companies

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.