The Greenbrier Companies, Inc. (NYSE:GBX – Get Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,130,000 shares, a decline of 6.2% from the December 15th total of 2,270,000 shares. Currently, 7.1% of the company’s shares are sold short. Based on an average daily trading volume, of 316,700 shares, the days-to-cover ratio is currently 6.7 days.
Greenbrier Companies Stock Up 0.5 %
GBX traded up $0.31 during trading hours on Monday, reaching $66.85. 663,412 shares of the stock traded hands, compared to its average volume of 292,397. Greenbrier Companies has a fifty-two week low of $41.40 and a fifty-two week high of $69.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.87. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.82 and a beta of 1.54. The firm’s fifty day simple moving average is $64.96 and its two-hundred day simple moving average is $55.31.
Greenbrier Companies (NYSE:GBX – Get Free Report) last announced its earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, analysts forecast that Greenbrier Companies will post 5.9 earnings per share for the current fiscal year.
Greenbrier Companies Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on GBX shares. Bank of America lifted 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. Susquehanna boosted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.00.
View Our Latest Analysis on Greenbrier Companies
Insider Buying and Selling at Greenbrier Companies
In related news, COO William J. Krueger sold 2,389 shares of Greenbrier Companies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares in the company, valued at approximately $3,191,939.16. This trade represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ricardo Galvan sold 1,976 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the sale, the senior vice president now owns 33,776 shares of the company’s stock, valued at $1,959,008. The trade was a 5.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock worth $790,338 in the last 90 days. 1.78% of the stock is owned by company insiders.
Institutional Trading of Greenbrier Companies
A number of hedge funds and other institutional investors have recently made changes to their positions in GBX. Cullen Investment Group LTD. boosted its stake in Greenbrier Companies by 1.0% during the 4th quarter. Cullen Investment Group LTD. now owns 19,675 shares of the transportation company’s stock valued at $1,200,000 after acquiring an additional 204 shares during the last quarter. GAMMA Investing LLC grew its stake in Greenbrier Companies by 60.9% in the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after purchasing an additional 207 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in Greenbrier Companies by 2.4% in the fourth quarter. Carolina Wealth Advisors LLC now owns 13,859 shares of the transportation company’s stock worth $845,000 after purchasing an additional 331 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Greenbrier Companies by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,939 shares of the transportation company’s stock valued at $506,000 after buying an additional 363 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Greenbrier Companies during the second quarter valued at approximately $25,000. 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.
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