Greenbrier Companies (NYSE:GBX) Price Target Lowered to $52.00 at Susquehanna

Greenbrier Companies (NYSE:GBX) had its price objective cut by Susquehanna from $75.00 to $52.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Separately, Bank of America raised their price objective on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research report on Thursday, January 9th.

Greenbrier Companies Stock Down 6.5 %

Shares of NYSE:GBX opened at $40.53 on Tuesday. Greenbrier Companies has a 12-month low of $37.77 and a 12-month high of $71.06. The stock’s 50-day moving average price is $54.35 and its two-hundred day moving average price is $59.11. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.80 and a beta of 1.56.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). The firm had revenue of $762.10 million for the quarter, compared to analysts’ expectations of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. Greenbrier Companies’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. On average, research analysts forecast that Greenbrier Companies will post 5.9 EPS for the current year.

Greenbrier Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.32 per share. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, April 22nd. Greenbrier Companies’s payout ratio is presently 20.45%.

Insider Activity

In other news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the sale, the chief operating officer now directly owns 42,714 shares of the company’s stock, valued at approximately $2,699,951.94. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Greenbrier Companies

A number of hedge funds have recently bought and sold shares of the business. LSV Asset Management grew its position in shares of Greenbrier Companies by 94.3% during the fourth quarter. LSV Asset Management now owns 545,185 shares of the transportation company’s stock worth $33,251,000 after buying an additional 264,552 shares in the last quarter. Norges Bank acquired a new position in Greenbrier Companies during the 4th quarter worth $14,257,000. Encompass Capital Advisors LLC increased its position in shares of Greenbrier Companies by 26.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 930,236 shares of the transportation company’s stock worth $56,735,000 after purchasing an additional 193,340 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Greenbrier Companies in the 4th quarter valued at about $9,671,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Greenbrier Companies in the fourth quarter worth about $6,837,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

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.