Greenbrier Companies (NYSE:GBX) Hits New 52-Week Low Following Analyst Downgrade

The Greenbrier Companies, Inc. (NYSE:GBX) reached a new 52-week low on Wednesday after Susquehanna lowered their price target on the stock from $75.00 to $52.00. Susquehanna currently has a positive rating on the stock. Greenbrier Companies traded as low as $39.03 and last traded at $39.67, with a volume of 1571469 shares trading hands. The stock had previously closed at $44.74.

Separately, Bank of America increased their target price on Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a report on Thursday, January 9th.

Insider Activity

In related news, COO William J. Krueger sold 2,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the sale, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. This represents a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.78% of the stock is owned by corporate insiders.

Institutional Trading of Greenbrier Companies

Large investors have recently made changes to their positions in the business. Quarry LP lifted its position in Greenbrier Companies by 892.7% during the 4th quarter. Quarry LP now owns 407 shares of the transportation company’s stock worth $25,000 after buying an additional 366 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Greenbrier Companies in the fourth quarter valued at approximately $26,000. F M Investments LLC bought a new position in Greenbrier Companies in the 4th quarter worth approximately $35,000. Versant Capital Management Inc lifted its holdings in Greenbrier Companies by 44.7% during the 1st quarter. Versant Capital Management Inc now owns 690 shares of the transportation company’s stock worth $35,000 after buying an additional 213 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Greenbrier Companies by 241.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company’s stock valued at $56,000 after buying an additional 644 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Price Performance

The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.80 and a beta of 1.56. The company has a 50 day moving average price of $55.73 and a 200 day moving average price of $59.35.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company had revenue of $762.10 million during the quarter, compared to analyst estimates of $898.53 million. During the same period last year, the company earned $1.03 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.32 per share. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, April 22nd. Greenbrier Companies’s payout ratio is presently 20.94%.

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.