Greenbrier Companies (NYSE:GBX) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Greenbrier Companies, Inc. (The) (NYSE:GBX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.77 and traded as high as $52.05. Greenbrier Companies shares last traded at $51.6860, with a volume of 429,823 shares traded.

Analyst Upgrades and Downgrades

GBX has been the subject of several research reports. Susquehanna cut shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Thursday, July 2nd. Wall Street Zen cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings downgraded Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $45.00.

Greenbrier Companies Trading Up 1.1%

The firm’s fifty day moving average is $48.41 and its 200-day moving average is $50.77. The stock has a market capitalization of $1.60 billion, a PE ratio of 15.34 and a beta of 1.43.

Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The company had revenue of $576.50 million during the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. Greenbrier Companies’s revenue was down 31.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. As a group, equities analysts predict that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 2.6%. Greenbrier Companies’s payout ratio is presently 40.36%.

Institutional Investors Weigh In On Greenbrier Companies

A number of institutional investors have recently modified their holdings of the company. Austin Asset Management Co Inc lifted its holdings in Greenbrier Companies by 0.9% during the 4th quarter. Austin Asset Management Co Inc now owns 21,403 shares of the transportation company’s stock worth $1,000,000 after buying an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Greenbrier Companies by 2.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,114 shares of the transportation company’s stock worth $333,000 after acquiring an additional 200 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Greenbrier Companies by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 17,188 shares of the transportation company’s stock worth $802,000 after acquiring an additional 217 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Greenbrier Companies by 1.6% during the second quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company’s stock worth $1,324,000 after acquiring an additional 454 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Greenbrier Companies by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company’s stock valued at $747,000 after purchasing an additional 470 shares during the period. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.