The Greenbrier Companies Target of Unusually Large Options Trading (GBX)

The Greenbrier Companies (NYSE:GBX) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 3,003 call options on the stock. This represents an increase of 1,541% compared to the typical daily volume of 183 call options.

NYSE:GBX opened at $47.60 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.96. The Greenbrier Companies has a one year low of $41.45 and a one year high of $54.45. The firm has a market capitalization of $1,374.76, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.22 and a beta of 1.53.

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The Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The business had revenue of $559.50 million for the quarter, compared to the consensus estimate of $591.05 million. During the same period in the prior year, the company posted $0.79 earnings per share. The Greenbrier Companies’s revenue was up 1.3% compared to the same quarter last year. analysts predict that The Greenbrier Companies will post 4.13 earnings per share for the current fiscal year.

GBX has been the topic of several research reports. Stifel Nicolaus set a $55.00 price objective on shares of The Greenbrier Companies and gave the company a “buy” rating in a report on Friday, February 9th. Seaport Global Securities initiated coverage on shares of The Greenbrier Companies in a report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research upgraded shares of The Greenbrier Companies from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday, March 21st. Finally, ValuEngine downgraded shares of The Greenbrier Companies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The Greenbrier Companies presently has a consensus rating of “Buy” and an average price target of $57.86.

In other The Greenbrier Companies news, EVP Alejandro Centurion sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the executive vice president now directly owns 13,523 shares in the company, valued at $703,196. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.46% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new position in shares of The Greenbrier Companies in the fourth quarter valued at about $205,000. Eqis Capital Management Inc. acquired a new position in shares of The Greenbrier Companies in the fourth quarter valued at about $206,000. Amalgamated Bank acquired a new position in shares of The Greenbrier Companies in the fourth quarter valued at about $212,000. Baird Financial Group Inc. acquired a new position in shares of The Greenbrier Companies in the fourth quarter valued at about $213,000. Finally, Mengis Capital Management Inc. acquired a new position in shares of The Greenbrier Companies in the fourth quarter valued at about $239,000.

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About The Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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