Insider Selling: The Greenbrier Companies, Inc. (NYSE:GBX) Chairman Sells $3,777,451.65 in Stock

The Greenbrier Companies, Inc. (NYSE:GBX – Get Rating) Chairman William A. Furman sold 119,805 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $31.53, for a total transaction of $3,777,451.65. Following the sale, the chairman now directly owns 470,995 shares in the company, valued at $14,850,472.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Greenbrier Companies Stock Performance

GBX opened at $30.36 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.95 and a debt-to-equity ratio of 0.84. The company has a market cap of $989.37 million, a price-to-earnings ratio of 17.45, a PEG ratio of 2.94 and a beta of 1.34. The Greenbrier Companies, Inc. has a 52-week low of $28.01 and a 52-week high of $53.46. The firm’s fifty day simple moving average is $35.23 and its two-hundred day simple moving average is $41.24.

Greenbrier Companies (NYSE:GBX – Get Rating) last posted its quarterly earnings results on Monday, July 11th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.58). The business had revenue of $793.50 million during the quarter, compared to analysts’ expectations of $736.13 million. Greenbrier Companies had a return on equity of 4.18% and a net margin of 2.23%. The business’s quarterly revenue was up 76.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Equities analysts anticipate that The Greenbrier Companies, Inc. will post 1.46 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 18th. Stockholders of record on Thursday, July 28th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, July 27th. Greenbrier Companies’s dividend payout ratio is currently 62.07%.

Hedge Funds Weigh In On Greenbrier Companies

Hedge funds and other institutional investors have recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Greenbrier Companies in the first quarter worth about $26,000. Samalin Investment Counsel LLC purchased a new position in shares of Greenbrier Companies in the first quarter worth about $39,000. Meeder Asset Management Inc. purchased a new position in shares of Greenbrier Companies in the first quarter worth about $57,000. KBC Group NV acquired a new stake in Greenbrier Companies during the second quarter worth about $101,000. Finally, National Bank of Canada FI increased its position in Greenbrier Companies by 674.1% during the second quarter. National Bank of Canada FI now owns 2,864 shares of the transportation company’s stock worth $103,000 after purchasing an additional 2,494 shares during the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GBX. StockNews.com downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Monday, July 11th. Bank of America downgraded shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, July 11th. TheStreet downgraded shares of Greenbrier Companies from a “b-” rating to a “c” rating in a report on Monday, July 11th. Finally, Susquehanna decreased their price objective on shares of Greenbrier Companies from $58.00 to $38.00 and set a “positive” rating on the stock in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Greenbrier Companies currently has an average rating of “Hold” and a consensus target price of $48.50.

About Greenbrier Companies

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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; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.