Brian J. Comstock Sells 10,000 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBX) EVP Brian J. Comstock sold 10,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $52.48, for a total transaction of $524,800.00. Following the sale, the executive vice president now directly owns 70,111 shares of the company’s stock, valued at $3,679,425.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Greenbrier Companies Stock Up 0.3 %

GBX opened at $49.55 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.76 and a beta of 1.66. The Greenbrier Companies, Inc. has a twelve month low of $25.41 and a twelve month high of $58.00. The company’s 50-day moving average price is $51.15 and its two-hundred day moving average price is $45.26.

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

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, April 22nd. Greenbrier Companies’s payout ratio is currently 35.29%.

Institutional Trading of Greenbrier Companies

Institutional investors have recently modified their holdings of the business. Cullen Investment Group LTD. purchased a new stake in shares of Greenbrier Companies during the 4th quarter valued at approximately $861,000. Caxton Associates LP purchased a new stake in shares of Greenbrier Companies during the 3rd quarter valued at approximately $718,000. Louisiana State Employees Retirement System purchased a new stake in shares of Greenbrier Companies during the 4th quarter valued at approximately $689,000. UBS Group AG lifted its stake in shares of Greenbrier Companies by 248.7% during the 3rd quarter. UBS Group AG now owns 96,793 shares of the transportation company’s stock valued at $3,872,000 after buying an additional 69,036 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of Greenbrier Companies during the 3rd quarter valued at approximately $769,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GBX has been the subject of several recent research reports. Stephens boosted their target price on shares of Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Susquehanna upped their price objective on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. TheStreet raised shares of Greenbrier Companies from a “c+” rating to a “b” rating in a research report on Friday, January 5th. Finally, TD Cowen upped their price objective on shares of Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One investment 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.