Greenbrier Companies (NYSE:GBX) Trading 6.1% Higher Following Analyst Upgrade

Shares of The Greenbrier Companies, Inc. (NYSE:GBX - Get Free Report) traded up 6.1% on Friday after Bank of America raised their price target on the stock from $60.00 to $62.00. Bank of America currently has an underperform rating on the stock. Greenbrier Companies traded as high as $64.59 and last traded at $64.10. 119,531 shares were traded during mid-day trading, a decline of 64% from the average session volume of 329,730 shares. The stock had previously closed at $60.44.

Separately, Susquehanna raised their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a "positive" rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $63.00.

Insider Buying and Selling

In related news, COO William J. Krueger sold 2,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the chief operating officer now directly owns 48,714 shares in the company, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ricardo Galvan sold 4,950 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the transaction, the senior vice president now directly owns 27,472 shares in the company, valued at $1,785,680. This trade represents a 15.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 over the last quarter. 1.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Greenbrier Companies

Hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Greenbrier Companies by 1.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company's stock valued at $80,111,000 after purchasing an additional 18,552 shares during the period. Geode Capital Management LLC lifted its position in Greenbrier Companies by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company's stock worth $36,237,000 after acquiring an additional 7,886 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Greenbrier Companies by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company's stock worth $32,006,000 after acquiring an additional 2,536 shares during the period. Victory Capital Management Inc. lifted its position in Greenbrier Companies by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company's stock worth $26,154,000 after acquiring an additional 32,191 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new stake in Greenbrier Companies during the 2nd quarter worth approximately $19,820,000. Institutional investors and hedge funds own 95.59% of the company's stock.

Greenbrier Companies Stock Up 3.8 %

The business has a 50-day simple moving average of $64.67 and a two-hundred day simple moving average of $54.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to analysts' expectations of $849.51 million. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. As a group, equities analysts predict that The Greenbrier Companies, Inc. will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, January 29th. Greenbrier Companies's payout ratio is currently 20.94%.

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.