Greenbrier Companies (NYSE:GBX) Hits New 12-Month High – What’s Next?

Shares of The Greenbrier Companies, Inc. (NYSE:GBX) hit a new 52-week high on Monday . The stock traded as high as $69.12 and last traded at $69.12, with a volume of 56232 shares. The stock had previously closed at $68.00.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GBX. Bank of America upped their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Susquehanna raised their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Finally, StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, Greenbrier Companies presently has a consensus rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Price Performance

The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. The firm’s fifty day moving average price is $58.74 and its 200-day moving average price is $52.29.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.60. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. Sell-side analysts predict that The Greenbrier Companies, Inc. will post 5.2 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is presently 24.14%.

Insider Transactions at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now directly owns 48,714 shares of the company’s stock, valued at $2,863,408.92. The trade was a 3.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ricardo Galvan sold 4,950 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total transaction of $321,750.00. Following the transaction, the senior vice president now directly owns 27,472 shares in the company, valued at approximately $1,785,680. This represents a 15.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,703 shares of company stock valued at $790,338. Corporate insiders own 1.78% of the company’s stock.

Institutional Trading of Greenbrier Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in Greenbrier Companies during the second quarter worth $25,000. GAMMA Investing LLC raised its stake in shares of Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after purchasing an additional 207 shares during the period. Gladius Capital Management LP purchased a new position in shares of Greenbrier Companies in the 3rd quarter worth about $32,000. NBC Securities Inc. purchased a new stake in Greenbrier Companies during the third quarter worth about $55,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth approximately $67,000. Institutional investors own 95.59% of the company’s stock.

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.