William A. Furman Sells 119,805 Shares of The Greenbrier Companies, Inc. (NYSE:GBX) Stock

The Greenbrier Companies, Inc. (NYSE:GBXGet Rating) Chairman William A. Furman sold 119,805 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $31.53, for a total transaction of $3,777,451.65. Following the transaction, the chairman now directly owns 470,995 shares in the company, valued at $14,850,472.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Greenbrier Companies Price Performance

Greenbrier Companies stock opened at $30.36 on Friday. The Greenbrier Companies, Inc. has a 52 week low of $28.01 and a 52 week high of $53.46. The company has a quick ratio of 1.12, a current ratio of 1.95 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $35.23 and its 200 day simple moving average is $41.24. The firm has a market capitalization of $989.37 million, a PE ratio of 17.45, a P/E/G ratio of 2.94 and a beta of 1.34.

Greenbrier Companies (NYSE:GBXGet Rating) last released its quarterly earnings data on Monday, July 11th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.58). The business had revenue of $793.50 million during the quarter, compared to analysts’ expectations of $736.13 million. Greenbrier Companies had a return on equity of 4.18% and a net margin of 2.23%. Greenbrier Companies’s quarterly revenue was up 76.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, equities research analysts predict that The Greenbrier Companies, Inc. will post 1.46 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, July 28th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.08 dividend on an annualized basis and a yield of 3.56%. Greenbrier Companies’s dividend payout ratio (DPR) is 62.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 11th. Susquehanna lowered their price target on shares of Greenbrier Companies from $58.00 to $38.00 and set a “positive” rating on the stock in a research note on Tuesday, July 12th. Bank of America cut shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, July 11th. Finally, TheStreet cut shares of Greenbrier Companies from a “b-” rating to a “c” rating in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in Greenbrier Companies by 54.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,257,695 shares of the transportation company’s stock worth $45,265,000 after purchasing an additional 441,776 shares in the last quarter. SG Capital Management LLC acquired a new stake in Greenbrier Companies during the 4th quarter worth approximately $13,783,000. Invesco Ltd. increased its position in Greenbrier Companies by 37.5% during the 1st quarter. Invesco Ltd. now owns 326,766 shares of the transportation company’s stock worth $16,832,000 after purchasing an additional 89,097 shares in the last quarter. VELA Investment Management LLC acquired a new stake in Greenbrier Companies during the 4th quarter worth approximately $3,615,000. Finally, Crown Advisors Management Inc. acquired a new stake in Greenbrier Companies during the 1st quarter worth approximately $3,090,000. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

About Greenbrier Companies

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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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