StockNews.com Downgrades Greenbrier Companies (NYSE:GBX) to Sell

StockNews.com downgraded shares of Greenbrier Companies (NYSE:GBXGet Rating) from a hold rating to a sell rating in a report published on Friday morning.

Other research analysts also recently issued reports about the company. TheStreet upgraded Greenbrier Companies from a c+ rating to a b- rating in a research note on Friday, November 18th. Susquehanna lowered shares of Greenbrier Companies from a positive rating to a neutral rating and upped their price target for the stock from $30.00 to $37.00 in a research report on Monday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $48.00.

Greenbrier Companies Price Performance

Shares of NYSE GBX opened at $37.99 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.87 and a quick ratio of 1.08. The business has a 50-day moving average of $30.73 and a 200-day moving average of $33.24. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.99 and a beta of 1.50. Greenbrier Companies has a fifty-two week low of $23.80 and a fifty-two week high of $53.46.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Stockholders of record on Tuesday, November 8th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, November 7th. Greenbrier Companies’s payout ratio is presently 77.70%.

Insider Activity

In other news, Director William A. Furman sold 20,000 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $37.12, for a total value of $742,400.00. Following the transaction, the director now directly owns 303,018 shares of the company’s stock, valued at $11,248,028.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director William A. Furman sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $38.61, for a total transaction of $1,158,300.00. Following the transaction, the director now directly owns 253,018 shares of the company’s stock, valued at $9,769,024.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William A. Furman sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $37.12, for a total transaction of $742,400.00. Following the transaction, the director now directly owns 303,018 shares in the company, valued at $11,248,028.16. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $3,439,900 over the last ninety days. 2.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Greenbrier Companies

Hedge funds have recently made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at approximately $26,000. Samalin Investment Counsel LLC bought a new stake in shares of Greenbrier Companies in the 1st quarter valued at $39,000. Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies in the 1st quarter valued at $57,000. Antonetti Capital Management LLC acquired a new stake in Greenbrier Companies in the 3rd quarter valued at $44,000. Finally, KBC Group NV purchased a new position in Greenbrier Companies during the 2nd quarter worth $101,000. 98.23% of the stock is currently owned by institutional investors and hedge funds.

About Greenbrier Companies

(Get Rating)

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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