Greenbrier Companies (NYSE:GBX) Hits New 1-Year Low – Time to Sell?

Shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) hit a new 52-week low on Thursday. The stock traded as low as $38.06 and last traded at $37.8760, with a volume of 23325 shares trading hands. The stock had previously closed at $38.78.

Wall Street Analyst Weigh In

Several research firms have issued reports on GBX. Wall Street Zen raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings lowered shares of Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies Price Performance

The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 11.37 and a beta of 1.45. The firm’s 50-day moving average is $44.22 and its 200 day moving average is $47.58.

Institutional Trading of Greenbrier Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Greenbrier Companies in the first quarter valued at $54,000. Versant Capital Management Inc increased its stake in Greenbrier Companies by 63.0% during the third quarter. Versant Capital Management Inc now owns 1,185 shares of the transportation company’s stock worth $47,000 after acquiring an additional 458 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Greenbrier Companies during the second quarter worth about $62,000. State of Wyoming purchased a new position in shares of Greenbrier Companies in the 1st quarter worth about $149,000. Finally, Tidal Investments LLC purchased a new position in shares of Greenbrier Companies in the 2nd quarter worth about $216,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc is a transportation equipment manufacturer and services provider focused primarily on the freight rail industry. The company designs, manufactures, and markets a broad range of railcars used to transport commodities and industrial products, including covered hoppers, tank cars, gondolas, boxcars, and intermodal equipment.

Greenbrier also provides railcar leasing and fleet management services, as well as repair, refurbishment, maintenance, parts, and wheel services.