Greenbrier Companies, Inc. (The) (NYSE:GBX) CEO William A. Furman sold 117,652 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $46.91, for a total value of $5,519,055.32. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Greenbrier Companies, Inc. (NYSE GBX) traded up $1.50 during midday trading on Monday, hitting $50.95. The stock had a trading volume of 350,251 shares, compared to its average volume of 490,684. The firm has a market capitalization of $1,460.00, a price-to-earnings ratio of 13.12, a P/E/G ratio of 1.31 and a beta of 1.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 3.10. Greenbrier Companies, Inc. has a 52 week low of $39.10 and a 52 week high of $52.75.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, October 27th. The transportation company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.23. The company had revenue of $611.40 million for the quarter, compared to analyst estimates of $647.98 million. Greenbrier Companies had a return on equity of 10.75% and a net margin of 5.35%. Greenbrier Companies’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. analysts anticipate that Greenbrier Companies, Inc. will post 3.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.22. Greenbrier Companies’s dividend payout ratio (DPR) is currently 25.14%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in shares of Greenbrier Companies by 0.3% during the second quarter. New York State Common Retirement Fund now owns 28,900 shares of the transportation company’s stock worth $1,337,000 after purchasing an additional 99 shares during the period. First Midwest Bank Trust Division raised its position in Greenbrier Companies by 0.7% in the 2nd quarter. First Midwest Bank Trust Division now owns 13,823 shares of the transportation company’s stock valued at $639,000 after buying an additional 101 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Greenbrier Companies by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,989 shares of the transportation company’s stock valued at $970,000 after buying an additional 172 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Greenbrier Companies by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,962 shares of the transportation company’s stock valued at $923,000 after buying an additional 176 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in Greenbrier Companies by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 20,735 shares of the transportation company’s stock valued at $959,000 after buying an additional 196 shares during the last quarter.
GBX has been the topic of a number of recent analyst reports. BidaskClub upgraded Greenbrier Companies from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Cowen restated an “outperform” rating and set a $58.00 target price (up previously from $57.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Zacks Investment Research upgraded Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a report on Friday, October 6th. Stifel Nicolaus restated a “buy” rating and set a $60.00 target price (up previously from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Finally, Buckingham Research raised their target price on Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $53.57.
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Greenbrier Companies Company Profile
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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