Short Interest in The Greenbrier Companies, Inc. (NYSE:GBX) Declines By 5.9%

The Greenbrier Companies, Inc. (NYSE:GBXGet Rating) was the target of a large decline in short interest in December. As of December 30th, there was short interest totalling 1,430,000 shares, a decline of 5.9% from the December 15th total of 1,520,000 shares. Based on an average daily trading volume, of 304,900 shares, the days-to-cover ratio is presently 4.7 days. Currently, 4.5% of the company’s stock are short sold.

Insider Activity at Greenbrier Companies

In related news, Director William A. Furman sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $37.12, for a total transaction of $742,400.00. Following the transaction, the director now 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 SEC, which is available through this hyperlink. In other Greenbrier Companies news, Director William A. Furman sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $37.12, for a total value of $742,400.00. Following the completion of the sale, the director now directly owns 303,018 shares of the company’s stock, valued at $11,248,028.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William A. Furman sold 30,000 shares of the firm’s stock in a transaction on 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 owns 253,018 shares in the company, valued at approximately $9,769,024.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,000 shares of company stock valued at $3,439,900. 2.32% of the stock is owned by corporate insiders.

Institutional Trading of Greenbrier Companies

A number of hedge funds have recently modified their holdings of GBX. National Bank of Canada FI lifted its position in Greenbrier Companies by 25.6% in the fourth quarter. National Bank of Canada FI now owns 5,450 shares of the transportation company’s stock worth $183,000 after purchasing an additional 1,112 shares during the period. Royal Fund Management LLC lifted its holdings in shares of Greenbrier Companies by 12.5% during the 4th quarter. Royal Fund Management LLC now owns 76,744 shares of the transportation company’s stock worth $2,573,000 after acquiring an additional 8,514 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Greenbrier Companies by 1.1% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 108,345 shares of the transportation company’s stock valued at $3,633,000 after acquiring an additional 1,171 shares in the last quarter. Maryland State Retirement & Pension System bought a new stake in Greenbrier Companies in the fourth quarter valued at about $452,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Greenbrier Companies in the third quarter worth about $263,000. Institutional investors own 95.95% of the company’s stock.

Greenbrier Companies Stock Down 1.0 %

GBX opened at $28.03 on Wednesday. The business has a 50 day moving average of $34.04 and a 200-day moving average of $31.45. The stock has a market capitalization of $918.91 million, a price-to-earnings ratio of 50.05, a P/E/G ratio of 1.73 and a beta of 1.53. The company has a current ratio of 1.74, a quick ratio of 0.83 and a debt-to-equity ratio of 0.92. Greenbrier Companies has a 1-year low of $23.80 and a 1-year high of $53.46.

Greenbrier Companies (NYSE:GBXGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The transportation company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.17. Greenbrier Companies had a net margin of 0.61% and a return on equity of 2.66%. The firm had revenue of $950.70 million during the quarter, compared to the consensus estimate of $789.30 million. As a group, sell-side analysts anticipate that Greenbrier Companies will post 2.33 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Thursday, January 26th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, January 25th. This represents a $1.08 annualized dividend and a yield of 3.85%. Greenbrier Companies’s dividend payout ratio is 192.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GBX. TheStreet raised Greenbrier Companies from a “c+” rating to a “b-” rating in a report on Friday, November 18th. Bank of America cut shares of Greenbrier Companies from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 17th. Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and raised their target price for the company from $30.00 to $37.00 in a research note on Monday, November 7th. Finally, StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Greenbrier Companies has an average rating of “Hold” and a consensus target price of $42.33.

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; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, and center partition 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, intermodal cars, hoppers and automobile transporter cars; and marine vessels.

Further Reading

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