Greenbrier Companies (NYSE:GBX) Sets New 1-Year High – Still a Buy?

The Greenbrier Companies, Inc. (NYSE:GBX) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $66.70 and last traded at $66.65, with a volume of 7301 shares traded. The stock had previously closed at $65.95.

Analyst Ratings Changes

GBX has been the subject of several recent research reports. Susquehanna boosted their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Bank of America upped their target price on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Greenbrier Companies has an average rating of “Hold” and a consensus target price of $60.00.

Greenbrier Companies Stock Performance

The firm has a market cap of $2.08 billion, a PE ratio of 13.34, a P/E/G ratio of 0.54 and a beta of 1.51. The firm has a 50-day moving average price of $53.19 and a two-hundred day moving average price of $50.75. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.60. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Research analysts forecast that The Greenbrier Companies, Inc. will post 5.2 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. Greenbrier Companies’s payout ratio is 24.14%.

Insider Buying and Selling

In related news, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.94, for a total transaction of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares in the company, valued at approximately $3,191,939.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Greenbrier Companies news, SVP Ricardo Galvan sold 4,950 shares of Greenbrier Companies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total transaction of $321,750.00. Following the completion of the sale, the senior vice president now directly owns 27,472 shares of the company’s stock, valued at $1,785,680. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the sale, the chief operating officer now directly owns 50,714 shares of the company’s stock, valued at $3,191,939.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,703 shares of company stock worth $790,338. 2.54% of the stock is owned by corporate insiders.

Institutional Trading of Greenbrier Companies

A number of institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in shares of Greenbrier Companies in the 2nd quarter valued at about $25,000. GAMMA Investing LLC lifted its holdings in shares of Greenbrier Companies by 60.9% in the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 207 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of Greenbrier Companies in the 3rd quarter valued at about $32,000. NBC Securities Inc. purchased a new stake in shares of Greenbrier Companies in the 3rd quarter valued at about $55,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Greenbrier Companies in the 2nd quarter valued at about $67,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

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.