Greenbrier Companies, Inc. (The) (NYSE:GBX – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $45.07, but opened at $42.98. Greenbrier Companies shares last traded at $42.65, with a volume of 110,990 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on GBX shares. Wall Street Zen upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Thursday, July 2nd. Weiss Ratings cut Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Zacks Research upgraded Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $45.00.
Get Our Latest Stock Analysis on Greenbrier Companies
Greenbrier Companies Trading Up 1.8%
Greenbrier Companies (NYSE:GBX – Get Free Report) last announced its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $576.50 million for the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The company’s revenue for the quarter was down 31.6% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. Research analysts expect that Greenbrier Companies, Inc. will post 3.1 EPS for the current fiscal year.
Greenbrier Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, July 16th. Greenbrier Companies’s dividend payout ratio (DPR) is 40.36%.
Institutional Investors Weigh In On Greenbrier Companies
Several hedge funds have recently modified their holdings of GBX. Gen Wealth Partners Inc purchased a new stake in Greenbrier Companies in the 4th quarter valued at approximately $38,000. Meeder Asset Management Inc. acquired a new position in Greenbrier Companies during the second quarter worth $50,000. Quarry LP grew its holdings in Greenbrier Companies by 6,900.0% during the third quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after acquiring an additional 1,104 shares during the period. Danske Bank A S purchased a new position in Greenbrier Companies in the fourth quarter worth $61,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Greenbrier Companies in the second quarter valued at $62,000. 95.59% of the stock is owned by institutional investors and hedge funds.
Greenbrier Companies Company Profile
The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.
Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.
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