The Greenbrier Companies, Inc. (NYSE:GBX) Short Interest Update

The Greenbrier Companies, Inc. (NYSE:GBX) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 2,170,000 shares, an increase of 8.5% from the May 31st total of 2,000,000 shares. Based on an average daily trading volume, of 329,400 shares, the short-interest ratio is currently 6.6 days. Currently, 7.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GBX. TD Cowen boosted their target price on Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Susquehanna upped their target price on shares of Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. Finally, Stephens lifted their price target on shares of Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Greenbrier Companies has a consensus rating of “Hold” and a consensus price target of $54.00.

Greenbrier Companies Trading Up 2.5 %

NYSE:GBX traded up $1.21 during mid-day trading on Wednesday, hitting $50.23. The company had a trading volume of 218,642 shares, compared to its average volume of 323,722. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. Greenbrier Companies has a fifty-two week low of $32.00 and a fifty-two week high of $58.00. The firm has a market cap of $1.56 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.69 and a beta of 1.57. The business’s fifty day moving average is $51.47 and its two-hundred day moving average is $49.51.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.28. Greenbrier Companies had a return on equity of 9.05% and a net margin of 2.97%. The company had revenue of $862.70 million during the quarter, compared to analysts’ expectations of $841.58 million. During the same period in the prior year, the business posted $0.99 EPS. Greenbrier Companies’s revenue was down 23.1% on a year-over-year basis. As a group, research analysts expect that Greenbrier Companies will post 4.23 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.39%. Greenbrier Companies’s dividend payout ratio is 35.29%.

Insider Transactions at Greenbrier Companies

In other Greenbrier Companies news, EVP Brian J. Comstock sold 10,000 shares of Greenbrier Companies stock in a transaction on Monday, April 29th. The stock was sold at an average price of $52.48, for a total value of $524,800.00. Following the completion of the transaction, the executive vice president now owns 70,111 shares in the company, valued at approximately $3,679,425.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Christian Lucky sold 1,454 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $52.94, for a total transaction of $76,974.76. Following the transaction, the senior vice president now directly owns 7,841 shares in the company, valued at $415,102.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian J. Comstock sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $52.48, for a total transaction of $524,800.00. Following the completion of the sale, the executive vice president now directly owns 70,111 shares of the company’s stock, valued at approximately $3,679,425.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,176 shares of company stock valued at $2,104,013. Corporate insiders own 2.54% of the company’s stock.

Institutional Trading of Greenbrier Companies

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Greenbrier Companies by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,513,387 shares of the transportation company’s stock worth $111,042,000 after acquiring an additional 66,323 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Greenbrier Companies by 2.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 955,670 shares of the transportation company’s stock worth $42,222,000 after buying an additional 25,300 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of Greenbrier Companies by 2.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 615,762 shares of the transportation company’s stock worth $27,204,000 after buying an additional 17,293 shares in the last quarter. American Century Companies Inc. raised its position in Greenbrier Companies by 306.6% in the 3rd quarter. American Century Companies Inc. now owns 255,503 shares of the transportation company’s stock valued at $10,220,000 after buying an additional 192,657 shares during the last quarter. Finally, Norges Bank bought a new stake in Greenbrier Companies in the 4th quarter valued at approximately $10,242,000. Institutional investors own 95.59% of the company’s stock.

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.