Insider Selling: Greenbrier Companies Insider Sells 4,000 Shares of Stock (GBX)
Greenbrier Companies (NYSE:GBX) Insider James T. Sharp sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $65.51, for a total value of $262,040.00. Following the sale, the insider now directly owns 18,952 shares in the company, valued at approximately $1,241,546. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GBX shares. Analysts at Sterne Agee reiterated a “buy” rating on shares of Greenbrier Companies in a research note on Monday. They now have a $75.00 price target on the stock, up previously from $55.00. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Greenbrier Companies in a research note on Thursday, July 3rd. They now have a $75.00 price target on the stock, up previously from $65.00. Finally, analysts at Zacks upgraded shares of Greenbrier Companies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $61.10 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $65.30.
Greenbrier Companies (NYSE:GBX) traded down 0.12% during mid-day trading on Friday, hitting $64.87. The stock had a trading volume of 197,737 shares. Greenbrier Companies has a 1-year low of $21.48 and a 1-year high of $67.84. The stock has a 50-day moving average of $58.52 and a 200-day moving average of $46.30. The company has a market cap of $1.783 billion and a price-to-earnings ratio of 23.53.
Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, July 2nd. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.29. The company had revenue of $593.30 million for the quarter, compared to the consensus estimate of $570.74 million. During the same quarter last year, the company posted $0.50 earnings per share. Greenbrier Companies’s revenue was up 36.8% compared to the same quarter last year. On average, analysts predict that Greenbrier Companies will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Tuesday, August 5th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.15 per share. This represents a dividend yield of 2.67%. The ex-dividend date is Friday, July 11th.
Greenbrier Co Inc, (NYSE:GBX), formerly The Greenbrier Companies, Inc, are the designers, manufacturers and marketers of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services to the railroad and related transportation industries in North America.
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