Greenbrier Companies (NYSE:GBX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Greenbrier Companies (NYSE:GBX) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other analysts also recently weighed in on GBX. Weiss Ratings downgraded Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Zacks Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Susquehanna lowered shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Thursday, July 2nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $45.00.

Greenbrier Companies Trading Up 1.1%

GBX opened at $49.81 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of 14.78 and a beta of 1.43. The business’s 50-day moving average price is $48.75 and its 200-day moving average price is $50.82. Greenbrier Companies has a 12 month low of $38.23 and a 12 month high of $59.19.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company had revenue of $576.50 million during the quarter, compared to analyst estimates of $612.69 million. During the same quarter in the previous year, the company posted $1.86 EPS. Greenbrier Companies’s revenue for the quarter was down 31.6% on a year-over-year basis. Equities research analysts forecast that Greenbrier Companies will post 3.1 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, July 16th. Greenbrier Companies’s payout ratio is currently 40.36%.

Institutional Investors Weigh In On Greenbrier Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of Greenbrier Companies by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,979,546 shares of the transportation company’s stock valued at $104,222,000 after acquiring an additional 13,153 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Greenbrier Companies by 254.6% in the fourth quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock valued at $86,900,000 after acquiring an additional 1,334,891 shares in the last quarter. LSV Asset Management increased its position in Greenbrier Companies by 18.4% during the 4th quarter. LSV Asset Management now owns 789,711 shares of the transportation company’s stock valued at $36,911,000 after purchasing an additional 122,709 shares during the period. Goldman Sachs Group Inc. increased its position in Greenbrier Companies by 98.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company’s stock valued at $35,658,000 after purchasing an additional 379,314 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in Greenbrier Companies by 26.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 642,992 shares of the transportation company’s stock worth $29,687,000 after purchasing an additional 132,487 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

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.