Laurie R. Dornan Sells 5,935 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBXGet Free Report) SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total transaction of $302,210.20. Following the transaction, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Greenbrier Companies Trading Down 8.2 %

NYSE:GBX opened at $45.91 on Monday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 12.02, a PEG ratio of 0.61 and a beta of 1.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The Greenbrier Companies, Inc. has a one year low of $32.00 and a one year high of $58.00. The company’s 50-day simple moving average is $49.75 and its 200 day simple moving average is $50.03.

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

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders 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 annualized dividend and a dividend yield of 2.61%. Greenbrier Companies’s payout ratio is presently 31.41%.

Hedge Funds Weigh In On Greenbrier Companies

Several large investors have recently modified their holdings of the stock. UMB Bank n.a. purchased a new position in Greenbrier Companies in the fourth quarter worth about $442,000. International Assets Investment Management LLC purchased a new position in Greenbrier Companies in the 4th quarter worth approximately $900,000. Smith Graham & Co. Investment Advisors LP lifted its position in Greenbrier Companies by 1.7% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 219,346 shares of the transportation company’s stock valued at $9,691,000 after acquiring an additional 3,721 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Greenbrier Companies during the 4th quarter valued at $689,000. Finally, Cullen Investment Group LTD. bought a new stake in shares of Greenbrier Companies in the 4th quarter worth $861,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Analyst Upgrades and Downgrades

GBX has been the topic of several research analyst reports. TD Cowen boosted their price target on shares of Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Susquehanna upped their target price on Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Finally, Stephens raised their target price on Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.00.

View Our Latest Stock Analysis on Greenbrier Companies

Greenbrier Companies Company Profile

(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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