The Greenbrier Companies, Inc. (NYSE:GBX) CEO Sells $501,384.00 in Stock

The Greenbrier Companies, Inc. (NYSE:GBX) CEO Lorie Tekorius sold 9,642 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $52.00, for a total transaction of $501,384.00. Following the completion of the transaction, the chief executive officer now owns 226,611 shares in the company, valued at approximately $11,783,772. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greenbrier Companies Trading Up 3.8 %

NYSE:GBX opened at $53.50 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The firm has a 50-day moving average of $50.79 and a 200-day moving average of $44.82. The company has a market cap of $1.67 billion, a PE ratio of 15.74, a PEG ratio of 1.79 and a beta of 1.66. The Greenbrier Companies, Inc. has a one year low of $25.41 and a one year high of $58.00.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, April 5th. The transportation company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.75 by $0.28. The company had revenue of $862.70 million during the quarter, compared to the consensus estimate of $841.58 million. Greenbrier Companies had a net margin of 2.97% and a return on equity of 9.05%. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, equities research analysts expect that The Greenbrier Companies, Inc. will post 4.13 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, April 22nd. Greenbrier Companies’s payout ratio is presently 35.29%.

Institutional Investors Weigh In On Greenbrier Companies

Several hedge funds and other institutional investors have recently made changes to their positions in GBX. SummerHaven Investment Management LLC boosted its holdings in Greenbrier Companies by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the transportation company’s stock worth $733,000 after purchasing an additional 254 shares during the last quarter. Sheets Smith Wealth Management boosted its holdings in Greenbrier Companies by 3.0% during the third quarter. Sheets Smith Wealth Management now owns 10,886 shares of the transportation company’s stock worth $435,000 after purchasing an additional 313 shares during the last quarter. Cullen Investment Group LTD. boosted its holdings in Greenbrier Companies by 1.8% during the first quarter. Cullen Investment Group LTD. now owns 19,840 shares of the transportation company’s stock worth $1,020,000 after purchasing an additional 359 shares during the last quarter. Hexagon Capital Partners LLC purchased a new position in Greenbrier Companies during the first quarter worth about $26,000. Finally, Jump Financial LLC boosted its holdings in Greenbrier Companies by 7.7% during the fourth quarter. Jump Financial LLC now owns 10,693 shares of the transportation company’s stock worth $472,000 after purchasing an additional 766 shares during the last quarter. 95.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GBX has been the subject of several research analyst reports. TD Cowen lifted their price target on shares of Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Stephens lifted their price target on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TheStreet raised shares of Greenbrier Companies from a “c+” rating to a “b” rating in a research note on Friday, January 5th. Finally, Susquehanna lifted their price target on shares of Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies has a consensus rating of “Hold” and a consensus price target of $54.00.

About Greenbrier Companies

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.