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

The Greenbrier Companies, Inc. (NYSE:GBX) 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:GBX) 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.

Greenbrier Companies Company Profile

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.