Greenbrier Companies (NYSE:GBX) Reaches New 12-Month Low Following Analyst Downgrade

The Greenbrier Companies, Inc. (NYSE:GBX - Get Free Report) shares reached a new 52-week low during trading on Wednesday after Susquehanna lowered their price target on the stock from $75.00 to $52.00. Susquehanna currently has a positive rating on the stock. Greenbrier Companies traded as low as $39.03 and last traded at $39.67, with a volume of 1571469 shares. The stock had previously closed at $44.74.

Separately, Bank of America raised their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a report on Thursday, January 9th.

Insider Transactions at Greenbrier Companies

In related news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $63.21, for a total transaction of $126,420.00. Following the sale, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.78% of the company's stock.

Institutional Trading of Greenbrier Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Greenbrier Companies by 147.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company's stock worth $499,000 after buying an additional 4,876 shares during the period. M3 Advisory Group LLC purchased a new stake in Greenbrier Companies in the 4th quarter valued at $225,000. Allspring Global Investments Holdings LLC acquired a new stake in Greenbrier Companies during the 4th quarter worth $2,527,000. Stifel Financial Corp grew its position in Greenbrier Companies by 21.2% during the 3rd quarter. Stifel Financial Corp now owns 9,233 shares of the transportation company's stock worth $470,000 after purchasing an additional 1,614 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its stake in Greenbrier Companies by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 197,300 shares of the transportation company's stock valued at $12,033,000 after purchasing an additional 12,600 shares during the period. Institutional investors and hedge funds own 95.59% of the company's stock.

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Greenbrier Companies Stock Up 0.0 %

The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The firm's 50 day moving average price is $53.87 and its two-hundred day moving average price is $59.11. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 7.08, a P/E/G ratio of 0.80 and a beta of 1.56.

Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The company had revenue of $762.10 million during the quarter, compared to analysts' expectations of $898.53 million. During the same quarter last year, the business posted $1.03 earnings per share. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be issued a $0.32 dividend. This is an increase from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, April 22nd. This represents a $1.28 annualized dividend and a dividend yield of 3.15%. Greenbrier Companies's payout ratio is presently 20.45%.

Greenbrier Companies Company Profile

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.