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 firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $31.53, for a total value of $3,777,451.65. Following the transaction, the chairman now directly owns 470,995 shares of the company’s stock, valued at approximately $14,850,472.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Greenbrier Companies Stock Up 2.3 %

Shares of Greenbrier Companies stock opened at $30.84 on Friday. The Greenbrier Companies, Inc. has a 1 year low of $28.01 and a 1 year high of $53.46. The stock has a 50-day moving average price of $35.45 and a 200 day moving average price of $41.33. The company has a current ratio of 1.95, a quick ratio of 1.12 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.01 billion, a P/E ratio of 17.72, a P/E/G ratio of 2.95 and a beta of 1.34.

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

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, July 28th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Wednesday, July 27th. Greenbrier Companies’s dividend payout ratio (DPR) is presently 62.07%.

Analyst Ratings Changes

A number of research firms recently weighed in on GBX. TheStreet lowered Greenbrier Companies from a “b-” rating to a “c” rating in a research report on Monday, July 11th. Susquehanna decreased their price target on Greenbrier Companies from $58.00 to $38.00 and set a “positive” rating for the company in a research report on Tuesday, July 12th. Stephens decreased their price target on Greenbrier Companies from $63.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. Bank of America lowered Greenbrier Companies from a “buy” rating to a “neutral” rating in a research report on Monday, July 11th. Finally, StockNews.com lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Monday, July 11th. One 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.50.

Institutional Investors Weigh In On Greenbrier Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Greenbrier Companies in the 1st quarter valued at approximately $26,000. Samalin Investment Counsel LLC bought a new position in shares of Greenbrier Companies in the 1st quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new position in shares of Greenbrier Companies in the 1st quarter valued at approximately $57,000. KBC Group NV bought a new position in shares of Greenbrier Companies in the 2nd quarter valued at approximately $101,000. Finally, National Bank of Canada FI grew its holdings in Greenbrier Companies by 674.1% in the 2nd quarter. National Bank of Canada FI now owns 2,864 shares of the transportation company’s stock valued at $103,000 after buying an additional 2,494 shares during the last quarter. 98.07% of the stock is 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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