Greenbrier Companies (NYSE:GBX) Shares Break Above 50 Day Moving Average – Time to Sell?

Greenbrier Companies, Inc. (The) (NYSE:GBX) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $41.28 and traded as high as $42.61. Greenbrier Companies shares last traded at $42.1070, with a volume of 929,155 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings downgraded Greenbrier Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 27th. Wall Street Zen cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Zacks Research downgraded Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Finally, Bank of America cut their target price on Greenbrier Companies from $42.00 to $38.00 and set an “underperform” rating for the company in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus price target of $42.67.

Greenbrier Companies Trading Up 7.9%

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.34 and a current ratio of 2.43. The stock has a market capitalization of $1.31 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.39 and a beta of 1.45. The firm’s fifty day simple moving average is $41.28 and its 200 day simple moving average is $48.14.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Monday, October 26th. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.41). Greenbrier Companies had a net margin of 3.21% and a return on equity of 4.85%. The firm had revenue of $591.00 million during the quarter, compared to analyst estimates of $605.10 million. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Greenbrier Companies’s quarterly revenue was down 22.2% compared to the same quarter last year. As a group, equities research analysts forecast that Greenbrier Companies, Inc. will post 3.30 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, November 10th. Greenbrier Companies’s dividend payout ratio (DPR) is 54.84%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Atlas FRM LLC bought a new position in shares of Greenbrier Companies during the 2nd quarter worth approximately $38,599,688. Donald Smith & CO. Inc. bought a new stake in shares of Greenbrier Companies in the 2nd quarter valued at $31,987,000. Bank of New York Mellon Corp bought a new stake in shares of Greenbrier Companies in the 2nd quarter valued at $18,324,000. Empowered Funds LLC bought a new stake in shares of Greenbrier Companies in the 2nd quarter valued at $7,009,000. Finally, De Lisle Partners LLP acquired a new position in shares of Greenbrier Companies during the 2nd quarter valued at $4,916,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

About Greenbrier Companies

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.