Greenbrier Companies Inc. (GBX) Downgraded to Sell at Vetr Inc.
Greenbrier Companies Inc. (NYSE:GBX) was downgraded by Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Monday. They presently have a $35.84 target price on the stock. Vetr‘s price objective would suggest a potential downside of 3.14% from the company’s previous close.
GBX has been the topic of several other research reports. Zacks Investment Research lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Credit Agricole SA initiated coverage on shares of Greenbrier Companies in a report on Friday, September 30th. They set an “underperform” rating and a $35.00 price objective on the stock. Wells Fargo & Co. reiterated a “hold” rating and set a $31.00 price objective on shares of Greenbrier Companies in a report on Monday, September 19th. Longbow Research lowered shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Finally, Cowen and Company dropped their price objective on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.20.
Shares of Greenbrier Companies (NYSE:GBX) traded up 1.12% during midday trading on Monday, reaching $37.00. 226,897 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $34.54 and a 200 day moving average price of $30.89. Greenbrier Companies has a 12 month low of $19.89 and a 12 month high of $42.04. The firm has a market cap of $1.04 billion, a PE ratio of 5.52 and a beta of 2.46.
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In other news, EVP Mark J. Rittenbaum sold 6,250 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $34.75, for a total transaction of $217,187.50. Following the completion of the transaction, the executive vice president now directly owns 89,107 shares of the company’s stock, valued at approximately $3,096,468.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark J. Rittenbaum sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $32.20, for a total transaction of $161,000.00. Following the transaction, the executive vice president now directly owns 95,357 shares of the company’s stock, valued at $3,070,495.40. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Greenbrier Companies during the second quarter worth $108,000. Teacher Retirement System of Texas increased its position in Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock worth $116,000 after buying an additional 678 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Greenbrier Companies during the first quarter worth $138,000. US Bancorp DE increased its position in Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock worth $143,000 after buying an additional 1,288 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new position in Greenbrier Companies during the second quarter worth $146,000. 94.58% of the stock is owned by hedge funds and other institutional investors.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer 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 view Vetr’s full report, visit Vetr’s official website.
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