Greenbrier Companies (NYSE:GBX) Price Target Raised to $57.00

Greenbrier Companies (NYSE:GBX) had its target price increased by Susquehanna from $52.00 to $57.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Greenbrier Companies Stock Performance

Shares of GBX stock opened at $56.30 on Wednesday. The company has a 50 day moving average price of $45.97 and a 200-day moving average price of $52.85. Greenbrier Companies has a 52 week low of $37.77 and a 52 week high of $71.06. The firm has a market capitalization of $1.74 billion, a PE ratio of 7.97, a P/E/G ratio of 1.57 and a beta of 1.71. The company has a quick ratio of 0.83, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Tuesday, July 1st. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.87. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The firm had revenue of $842.70 million during the quarter, compared to analyst estimates of $785.72 million. During the same period in the previous year, the business posted $1.06 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that Greenbrier Companies will post 5.9 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.27%. Greenbrier Companies’s dividend payout ratio is presently 18.13%.

Insider Activity at Greenbrier Companies

In related news, COO William J. Krueger sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total value of $192,000.00. Following the transaction, the chief operating officer owned 32,714 shares of the company’s stock, valued at approximately $1,570,272. This trade represents a 10.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several large investors have recently added to or reduced their stakes in GBX. Smartleaf Asset Management LLC lifted its holdings in Greenbrier Companies by 241.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 644 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Greenbrier Companies by 147.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company’s stock valued at $499,000 after purchasing an additional 4,876 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in Greenbrier Companies during the fourth quarter valued at approximately $227,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in Greenbrier Companies during the fourth quarter valued at approximately $6,274,000. Finally, Amundi lifted its holdings in Greenbrier Companies by 184.0% during the fourth quarter. Amundi now owns 15,740 shares of the transportation company’s stock valued at $951,000 after purchasing an additional 10,197 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

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.