The Greenbrier Companies, Inc. (NYSE:GBX) Short Interest Update

The Greenbrier Companies, Inc. (NYSE:GBX) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,920,000 shares, a growth of 5.5% from the August 31st total of 1,820,000 shares. Currently, 6.4% of the shares of the stock are sold short. Based on an average daily volume of 328,100 shares, the days-to-cover ratio is currently 5.9 days.

Analyst Ratings Changes

Separately, StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

Greenbrier Companies Price Performance

GBX stock traded down $1.29 during midday trading on Tuesday, reaching $49.60. 181,494 shares of the company’s stock traded hands, compared to its average volume of 326,177. The company has a 50-day simple moving average of $47.83 and a two-hundred day simple moving average of $49.80. Greenbrier Companies has a 1-year low of $32.00 and a 1-year high of $58.00. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.62 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Monday, July 8th. The transportation company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The company had revenue of $820.20 million during the quarter, compared to analyst estimates of $928.73 million. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. On average, analysts anticipate that Greenbrier Companies will post 4.35 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, July 23rd. Greenbrier Companies’s payout ratio is 31.41%.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the sale, the senior vice president now directly owns 23,226 shares of the company’s stock, valued at $1,182,667.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Greenbrier Companies during the 4th quarter worth approximately $10,242,000. Quadrature Capital Ltd raised its holdings in Greenbrier Companies by 16.3% during the 4th quarter. Quadrature Capital Ltd now owns 28,585 shares of the transportation company’s stock worth $1,263,000 after buying an additional 4,000 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Greenbrier Companies by 2.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company’s stock worth $42,222,000 after buying an additional 25,300 shares during the period. Frontier Capital Management Co. LLC grew its stake in shares of Greenbrier Companies by 2.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 615,762 shares of the transportation company’s stock valued at $27,204,000 after buying an additional 17,293 shares in the last quarter. Finally, Cullen Investment Group LTD. grew its stake in shares of Greenbrier Companies by 1.8% in the first quarter. Cullen Investment Group LTD. now owns 19,840 shares of the transportation company’s stock valued at $1,020,000 after buying an additional 359 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

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 covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.