Greenbrier Companies (NYSE:GBX) Trading Up 5.9% – Here’s Why

Greenbrier Companies, Inc. (The) (NYSE:GBX) shares were up 5.9% during mid-day trading on Thursday . The stock traded as high as $50.82 and last traded at $50.9270. Approximately 79,917 shares changed hands during trading, a decline of 83% from the average session volume of 461,194 shares. The stock had previously closed at $48.09.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GBX shares. Weiss Ratings downgraded Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Wall Street Zen cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Susquehanna downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $45.00.

Greenbrier Companies Price Performance

The business has a 50-day moving average of $48.33 and a 200 day moving average of $50.63. The company has a market capitalization of $1.55 billion, a PE ratio of 14.89 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $576.50 million during the quarter, compared to analysts’ expectations of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The firm’s revenue for the quarter was down 31.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. As a group, research analysts anticipate that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, July 16th. Greenbrier Companies’s payout ratio is currently 40.36%.

Institutional Investors Weigh In On Greenbrier Companies

A number of hedge funds have recently bought and sold shares of the business. Gen Wealth Partners Inc bought a new stake in shares of Greenbrier Companies in the 4th quarter worth about $38,000. Quarry LP lifted its holdings in shares of Greenbrier Companies by 6,900.0% in the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 1,104 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Greenbrier Companies in the first quarter worth about $54,000. Danske Bank A S purchased a new position in Greenbrier Companies in the fourth quarter worth about $61,000. Finally, Tower Research Capital LLC TRC increased its stake in Greenbrier Companies by 282.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock worth $140,000 after acquiring an additional 2,245 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.