Greenbrier Companies (NYSE:GBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “Greenbrier Companies Inc., is a leading supplier of transportation equipment and services to the railroad and related industries. The company’s manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. It also engages in complementary leasing and services activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland & Romania that serves customers across Europe and in the Middle East. Greenbrier builds freight railcars & rail castings in Brazil through two separate strategic partnerships. It is a leading provider of wheel services, railcar management & regulatory compliance services and leasing services to railroads in North America. Greenbrier offers freight railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership with Watco Companies, LLC. “
A number of other brokerages also recently commented on GBX. ValuEngine upgraded shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Seaport Global Securities began coverage on shares of Greenbrier Companies in a report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target for the company. Finally, Stifel Nicolaus set a $55.00 price target on shares of Greenbrier Companies and gave the stock a “buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Greenbrier Companies currently has a consensus rating of “Buy” and a consensus price target of $58.00.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. The business had revenue of $559.50 million during the quarter, compared to the consensus estimate of $591.05 million. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. analysts expect that Greenbrier Companies will post 4.13 EPS for the current fiscal year.
In related news, EVP Alejandro Centurion sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the executive vice president now directly owns 13,523 shares of the company’s stock, valued at $703,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.46% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GBX. Renaissance Technologies LLC boosted its position in shares of Greenbrier Companies by 128.7% in the fourth quarter. Renaissance Technologies LLC now owns 626,000 shares of the transportation company’s stock worth $33,366,000 after acquiring an additional 352,301 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Greenbrier Companies by 157.9% in the third quarter. Point72 Asset Management L.P. now owns 469,966 shares of the transportation company’s stock worth $22,629,000 after acquiring an additional 287,736 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Greenbrier Companies by 137.0% in the fourth quarter. Deutsche Bank AG now owns 483,995 shares of the transportation company’s stock worth $25,795,000 after acquiring an additional 279,749 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Greenbrier Companies by 40.8% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 541,113 shares of the transportation company’s stock worth $28,841,000 after acquiring an additional 156,742 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Greenbrier Companies by 33.9% in the fourth quarter. LSV Asset Management now owns 581,427 shares of the transportation company’s stock worth $30,990,000 after acquiring an additional 147,300 shares during the last quarter.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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