The Greenbrier Companies, Inc. (NYSE:GBX) Sees Significant Growth in Short Interest

The Greenbrier Companies, Inc. (NYSE:GBXGet Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,860,000 shares, a growth of 13.4% from the February 29th total of 1,640,000 shares. Currently, 6.3% of the company’s stock are sold short. Based on an average daily volume of 303,200 shares, the short-interest ratio is presently 6.1 days.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Greenbrier Companies from a “c+” rating to a “b” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Greenbrier Companies currently has an average rating of “Hold” and a consensus price target of $41.50.

Check Out Our Latest Stock Analysis on GBX

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock traded up $0.17 during mid-day trading on Tuesday, hitting $51.39. 353,661 shares of the stock were exchanged, compared to its average volume of 315,150. The company has a 50-day simple moving average of $49.05 and a 200 day simple moving average of $43.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 1.82. Greenbrier Companies has a 12 month low of $25.41 and a 12 month high of $53.36. The company has a market capitalization of $1.60 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.95 and a beta of 1.66.

Greenbrier Companies (NYSE:GBXGet Free Report) last issued its quarterly earnings results on Friday, January 5th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.25. Greenbrier Companies had a net margin of 2.77% and a return on equity of 9.13%. The company had revenue of $808.80 million during the quarter, compared to analyst estimates of $849.94 million. During the same quarter last year, the business posted $0.05 EPS. Greenbrier Companies’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Greenbrier Companies will post 3.82 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, January 25th were paid a $0.30 dividend. The ex-dividend date was Wednesday, January 24th. This represents a $1.20 dividend on an annualized basis and a yield of 2.34%. Greenbrier Companies’s dividend payout ratio is 35.93%.

Insider Activity

In other news, Director Wanda F. Felton sold 4,185 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total transaction of $195,230.25. Following the transaction, the director now owns 7,365 shares in the company, valued at $343,577.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Brian J. Comstock sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $46.39, for a total value of $115,975.00. Following the transaction, the executive vice president now owns 80,111 shares of the company’s stock, valued at approximately $3,716,349.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wanda F. Felton sold 4,185 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total transaction of $195,230.25. Following the completion of the transaction, the director now directly owns 7,365 shares in the company, valued at approximately $343,577.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,719 shares of company stock worth $547,803. Company insiders own 2.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its position in shares of Greenbrier Companies by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the transportation company’s stock valued at $733,000 after purchasing an additional 254 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in shares of Greenbrier Companies by 3.0% during the 3rd quarter. Sheets Smith Wealth Management now owns 10,886 shares of the transportation company’s stock worth $435,000 after acquiring an additional 313 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Greenbrier Companies by 6.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,127 shares of the transportation company’s stock worth $149,000 after acquiring an additional 350 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Greenbrier Companies by 3.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,363 shares of the transportation company’s stock worth $415,000 after acquiring an additional 468 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Greenbrier Companies by 4.5% during the 3rd quarter. UBS Group AG now owns 12,152 shares of the transportation company’s stock worth $295,000 after acquiring an additional 518 shares during the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

(Get Free Report)

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.

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