The Greenbrier Companies, Inc. (NYSE:GBX) Sees Significant Decrease in Short Interest

The Greenbrier Companies, Inc. (NYSE:GBX) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 2,050,000 shares, a drop of 5.5% from the June 15th total of 2,170,000 shares. Based on an average daily trading volume, of 350,100 shares, the days-to-cover ratio is currently 5.9 days. Currently, 6.9% of the shares of the stock are short sold.

Greenbrier Companies Stock Up 0.3 %

GBX opened at $48.94 on Thursday. Greenbrier Companies has a fifty-two week low of $32.00 and a fifty-two week high of $58.00. The business has a 50-day moving average of $50.49 and a 200-day moving average of $49.72. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The company has a market capitalization of $1.52 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57.

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). Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm had revenue of $820.20 million for the quarter, compared to analysts’ expectations of $928.73 million. During the same period last year, the business earned $1.02 earnings per share. The firm’s revenue for the quarter was down 21.0% on a year-over-year basis. Equities research analysts forecast that Greenbrier Companies will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio is 31.41%.

Insider Activity at Greenbrier Companies

In other news, SVP William Glenn sold 5,800 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $51.87, for a total transaction of $300,846.00. Following the completion of the sale, the senior vice president now directly owns 33,211 shares of the company’s stock, valued at $1,722,654.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP William Glenn sold 5,800 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $51.87, for a total transaction of $300,846.00. Following the completion of the sale, the senior vice president now directly owns 33,211 shares of the company’s stock, valued at $1,722,654.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lorie Tekorius sold 9,642 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $52.00, for a total value of $501,384.00. Following the sale, the chief executive officer now directly owns 226,611 shares of the company’s stock, valued at $11,783,772. The disclosure for this sale can be found here. Insiders sold 26,896 shares of company stock valued at $1,404,005 over the last 90 days. 2.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GBX. Hexagon Capital Partners LLC acquired a new position in shares of Greenbrier Companies during the 1st quarter valued at about $26,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Greenbrier Companies during the 4th quarter valued at about $57,000. Tradewinds Capital Management LLC acquired a new position in shares of Greenbrier Companies during the 1st quarter valued at about $78,000. Russell Investments Group Ltd. increased its holdings in shares of Greenbrier Companies by 404.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,253 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Greenbrier Companies during the 1st quarter valued at about $206,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GBX shares. Susquehanna increased their price objective on Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Stephens increased their price objective on Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, TD Cowen increased their price objective on Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.00.

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.