The Greenbrier Companies, Inc. (NYSE:GBX – Get Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,090,000 shares, an increase of 17.5% from the March 31st total of 2,630,000 shares. Based on an average daily volume of 383,800 shares, the days-to-cover ratio is currently 8.1 days. Approximately 10.0% of the shares of the company are short sold.
In other Greenbrier Companies news, Director Charles J. Swindells sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $44.30, for a total value of $88,600.00. Following the sale, the director now owns 41,645 shares in the company, valued at approximately $1,844,873.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian J. Comstock sold 1,500 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $45.05, for a total transaction of $67,575.00. Following the transaction, the insider now directly owns 45,948 shares of the company’s stock, valued at $2,069,957.40. The disclosure for this sale can be found here. 3.35% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in shares of Greenbrier Companies by 18.6% in the 3rd quarter. Citigroup Inc. now owns 33,188 shares of the transportation company’s stock valued at $1,427,000 after buying an additional 5,198 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Greenbrier Companies by 13.8% in the third quarter. Goldman Sachs Group Inc. now owns 118,258 shares of the transportation company’s stock valued at $5,083,000 after acquiring an additional 14,342 shares during the last quarter. Donald Smith & CO. Inc. grew its position in Greenbrier Companies by 83.8% in the third quarter. Donald Smith & CO. Inc. now owns 232,241 shares of the transportation company’s stock worth $9,984,000 after acquiring an additional 105,858 shares during the period. Maltin Wealth Management Inc. acquired a new stake in Greenbrier Companies during the third quarter worth $246,000. Finally, American Century Companies Inc. raised its position in Greenbrier Companies by 21.3% in the third quarter. American Century Companies Inc. now owns 99,094 shares of the transportation company’s stock valued at $4,260,000 after purchasing an additional 17,383 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.
Greenbrier Companies (NYSE:GBX – Get Rating) last announced its quarterly earnings data on Wednesday, April 6th. The transportation company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.19. The firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $575.76 million. Greenbrier Companies had a return on equity of 5.57% and a net margin of 3.29%. The firm’s revenue was up 131.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) earnings per share. As a group, equities analysts forecast that Greenbrier Companies will post 2.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 10th. Stockholders of record on Tuesday, April 19th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, April 18th. This represents a $1.08 annualized dividend and a dividend yield of 2.50%. Greenbrier Companies’s payout ratio is 48.21%.
A number of research analysts have recently issued reports on the company. TheStreet upgraded Greenbrier Companies from a “c+” rating to a “b” rating in a research report on Wednesday, April 6th. Stephens decreased their price objective on shares of Greenbrier Companies from $63.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Zacks Investment Research cut shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. Finally, StockNews.com raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $55.50.
About Greenbrier Companies (Get Rating)
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; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.
- Get a free copy of the StockNews.com research report on Greenbrier Companies (GBX)
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