Greenbrier Companies (NYSE:GBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
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 issued reports on GBX. Seaport Global Securities initiated coverage on shares of Greenbrier Companies in a research report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target on the stock. Stifel Nicolaus set a $55.00 price target on shares of Greenbrier Companies and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, ValuEngine upgraded shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $58.14.
Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $559.50 million for the quarter, compared to analyst estimates of $591.05 million. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. research analysts expect that Greenbrier Companies will post 4.13 EPS for the current fiscal year.
In other news, EVP Alejandro Centurion sold 5,000 shares of the business’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 transaction, the executive vice president now owns 13,523 shares in the company, valued at approximately $703,196. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.46% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of GBX. Renaissance Technologies LLC lifted its position in shares of Greenbrier Companies by 128.7% during the 4th quarter. Renaissance Technologies LLC now owns 626,000 shares of the transportation company’s stock valued at $33,366,000 after acquiring an additional 352,301 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Greenbrier Companies by 157.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 469,966 shares of the transportation company’s stock valued at $22,629,000 after acquiring an additional 287,736 shares during the period. Deutsche Bank AG lifted its position in shares of Greenbrier Companies by 137.0% during the 4th quarter. Deutsche Bank AG now owns 483,995 shares of the transportation company’s stock valued at $25,795,000 after acquiring an additional 279,749 shares during the period. Dalton Greiner Hartman Maher & Co. lifted its position in shares of Greenbrier Companies by 40.8% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 541,113 shares of the transportation company’s stock valued at $28,841,000 after acquiring an additional 156,742 shares during the period. Finally, LSV Asset Management lifted its position in shares of Greenbrier Companies by 33.9% during the 4th quarter. LSV Asset Management now owns 581,427 shares of the transportation company’s stock valued at $30,990,000 after acquiring an additional 147,300 shares during the period.
About Greenbrier Companies
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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