Greenbrier Companies (NYSE:GBX) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of Greenbrier Companies (NYSE:GBXGet Rating) from a hold rating to a sell rating in a report released on Friday morning.

A number of other analysts have also issued reports on the company. Susquehanna lowered Greenbrier Companies from a positive rating to a neutral rating and raised their price target for the stock from $30.00 to $37.00 in a research note on Monday, November 7th. TheStreet upgraded Greenbrier Companies from a c+ rating to a b- rating in a report on Friday, November 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Greenbrier Companies presently has a consensus rating of Hold and a consensus price target of $48.00.

Greenbrier Companies Trading Down 1.1 %

NYSE:GBX opened at $37.99 on Friday. The stock has a fifty day moving average price of $30.73 and a two-hundred day moving average price of $33.24. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.99 and a beta of 1.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.08 and a current ratio of 1.87. Greenbrier Companies has a 1 year low of $23.80 and a 1 year high of $53.46.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 8th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $1.08 annualized dividend and a yield of 2.84%. Greenbrier Companies’s dividend payout ratio is presently 77.70%.

Insiders Place Their Bets

In other Greenbrier Companies news, Director William A. Furman sold 30,000 shares of Greenbrier Companies stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $38.61, for a total transaction of $1,158,300.00. Following the sale, the director now directly owns 253,018 shares in the company, valued at approximately $9,769,024.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William A. Furman sold 20,000 shares of Greenbrier Companies stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $37.76, for a total value of $755,200.00. Following the completion of the transaction, the director now owns 323,018 shares in the company, valued at approximately $12,197,159.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William A. Furman sold 30,000 shares of Greenbrier Companies stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $38.61, for a total value of $1,158,300.00. Following the completion of the transaction, the director now owns 253,018 shares of the company’s stock, valued at approximately $9,769,024.98. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock worth $3,439,900 in the last three months. 2.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GBX. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Greenbrier Companies in the 1st quarter worth approximately $26,000. Samalin Investment Counsel LLC acquired a new position in Greenbrier Companies during the 1st quarter valued at approximately $39,000. Antonetti Capital Management LLC acquired a new position in Greenbrier Companies during the 3rd quarter valued at approximately $44,000. Meeder Asset Management Inc. acquired a new position in Greenbrier Companies during the 1st quarter valued at approximately $57,000. Finally, Tower Research Capital LLC TRC boosted its position in Greenbrier Companies by 160.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,382 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 2,082 shares during the period. Institutional investors and hedge funds own 98.23% of the company’s stock.

Greenbrier Companies Company Profile

(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.

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