Insider Selling: The Greenbrier Companies, Inc. (NYSE:GBX) CEO Sells 9,642 Shares of Stock

The Greenbrier Companies, Inc. (NYSE:GBX) CEO Lorie Tekorius sold 9,642 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $52.00, for a total value of $501,384.00. Following the sale, the chief executive officer now owns 226,611 shares of the company’s stock, valued at $11,783,772. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Greenbrier Companies Stock Down 0.5 %

GBX opened at $53.21 on Friday. The Greenbrier Companies, Inc. has a fifty-two week low of $25.41 and a fifty-two week high of $58.00. The business has a 50-day moving average of $50.98 and a 200-day moving average of $44.94. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The company has a market capitalization of $1.66 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.66.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.28. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. The business had revenue of $862.70 million for the quarter, compared to the consensus estimate of $841.58 million. During the same period last year, the business earned $0.99 EPS. The firm’s revenue was down 23.1% compared to the same quarter last year. Equities research analysts forecast that The Greenbrier Companies, Inc. will post 4.13 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 23rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, April 22nd. Greenbrier Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GBX shares. Susquehanna raised their price objective on Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. TD Cowen raised their price objective on Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Stephens raised their price objective on Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, TheStreet raised Greenbrier Companies from a “c+” rating to a “b” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $54.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Tradewinds Capital Management LLC bought a new position in Greenbrier Companies in the 1st quarter worth approximately $78,000. Allspring Global Investments Holdings LLC bought a new position in Greenbrier Companies in the 1st quarter worth approximately $3,840,000. Hexagon Capital Partners LLC bought a new position in Greenbrier Companies in the 1st quarter worth approximately $26,000. Hennion & Walsh Asset Management Inc. bought a new position in Greenbrier Companies in the 1st quarter worth approximately $256,000. Finally, Hodges Capital Management Inc. bought a new position in Greenbrier Companies in the 1st quarter worth approximately $3,608,000. 95.59% of the stock is owned by institutional investors.

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.