Greenbrier Companies (NYSE:GBX) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Greenbrier Companies (NYSE:GBX) from a hold rating to a sell rating in a research report released on Wednesday.

Separately, Susquehanna lifted their price target on Greenbrier Companies from $56.00 to $63.00 and gave the company a positive rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $54.00.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock traded down $0.57 on Wednesday, reaching $44.97. 226,694 shares of the company traded hands, compared to its average volume of 346,875. The company has a 50 day moving average of $48.93 and a 200 day moving average of $49.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. Greenbrier Companies has a 52 week low of $32.00 and a 52 week high of $58.00. The firm has a market capitalization of $1.40 billion, a PE ratio of 11.77, a PEG ratio of 0.61 and a beta of 1.57.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Monday, July 8th. The transportation company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.02). Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The firm had revenue of $820.20 million during the quarter, compared to analysts’ expectations of $928.73 million. During the same quarter in the previous year, the company posted $1.02 EPS. Greenbrier Companies’s revenue for the quarter was down 21.0% on a year-over-year basis. Equities analysts forecast that Greenbrier Companies will post 4.35 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, July 23rd. Greenbrier Companies’s payout ratio is 31.41%.

Insider Buying and Selling at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total value of $302,210.20. Following the transaction, the senior vice president now directly owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greenbrier Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBX. Sierra Summit Advisors LLC boosted its holdings in Greenbrier Companies by 28.5% in the 2nd quarter. Sierra Summit Advisors LLC now owns 13,152 shares of the transportation company’s stock worth $652,000 after buying an additional 2,917 shares during the period. TradeLink Capital LLC purchased a new stake in shares of Greenbrier Companies during the 2nd quarter valued at about $594,000. Meeder Asset Management Inc. purchased a new position in shares of Greenbrier Companies in the 2nd quarter worth approximately $67,000. ClariVest Asset Management LLC raised its stake in shares of Greenbrier Companies by 13.5% in the second quarter. ClariVest Asset Management LLC now owns 24,212 shares of the transportation company’s stock valued at $1,200,000 after acquiring an additional 2,887 shares during the period. Finally, Texas Permanent School Fund Corp lifted its stake in Greenbrier Companies by 21.4% in the second quarter. Texas Permanent School Fund Corp now owns 33,039 shares of the transportation company’s stock worth $1,637,000 after purchasing an additional 5,828 shares during the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

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.