The Greenbrier Companies, Inc. (NYSE:GBX) Short Interest Up 13.4% in March

The Greenbrier Companies, Inc. (NYSE:GBXGet Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,860,000 shares, an increase of 13.4% from the February 29th total of 1,640,000 shares. Approximately 6.3% of the company’s stock are sold short. Based on an average daily trading volume, of 303,200 shares, the short-interest ratio is currently 6.1 days.

Analyst Ratings Changes

Separately, TheStreet raised Greenbrier Companies from a “c+” rating to a “b” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.50.

Read Our Latest Analysis on GBX

Insider Activity at Greenbrier Companies

In related news, SVP Martin Raymond Baker sold 5,034 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $47.00, for a total transaction of $236,598.00. Following the completion of the transaction, the senior vice president now owns 53,480 shares of the company’s stock, valued at approximately $2,513,560. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Greenbrier Companies news, SVP Martin Raymond Baker sold 5,034 shares of Greenbrier Companies stock in a transaction on Friday, January 12th. The stock was sold at an average price of $47.00, for a total value of $236,598.00. Following the completion of the sale, the senior vice president now owns 53,480 shares of the company’s stock, valued at approximately $2,513,560. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brian J. Comstock sold 2,500 shares of Greenbrier Companies stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $46.39, for a total value of $115,975.00. Following the completion of the sale, the executive vice president now directly owns 80,111 shares of the company’s stock, valued at approximately $3,716,349.29. The disclosure for this sale can be found here. Insiders sold a total of 11,719 shares of company stock valued at $547,803 in the last 90 days. Corporate insiders own 2.54% of the company’s stock.

Hedge Funds Weigh In On Greenbrier Companies

Several institutional investors and hedge funds have recently bought and sold shares of GBX. SummerHaven Investment Management LLC lifted its position in shares of Greenbrier Companies by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the transportation company’s stock valued at $733,000 after acquiring an additional 254 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of Greenbrier Companies by 3.0% in the third quarter. Sheets Smith Wealth Management now owns 10,886 shares of the transportation company’s stock valued at $435,000 after acquiring an additional 313 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Greenbrier Companies by 6.1% in the third quarter. Public Employees Retirement System of Ohio now owns 6,127 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 350 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Greenbrier Companies by 3.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,363 shares of the transportation company’s stock valued at $415,000 after acquiring an additional 468 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Greenbrier Companies by 4.5% in the third quarter. UBS Group AG now owns 12,152 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 518 shares in the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Stock Performance

Shares of GBX traded up $0.17 during trading hours on Tuesday, hitting $51.39. The stock had a trading volume of 353,661 shares, compared to its average volume of 315,150. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.82 and a quick ratio of 0.86. Greenbrier Companies has a 12 month low of $25.41 and a 12 month high of $53.36. The firm has a market capitalization of $1.60 billion, a PE ratio of 15.39, a PEG ratio of 1.95 and a beta of 1.66. The stock has a fifty day moving average price of $49.05 and a 200 day moving average price of $43.49.

Greenbrier Companies (NYSE:GBXGet Free Report) last released its earnings results on Friday, January 5th. The transportation company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.25. The company had revenue of $808.80 million for the quarter, compared to the consensus estimate of $849.94 million. Greenbrier Companies had a return on equity of 9.13% and a net margin of 2.77%. Greenbrier Companies’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Analysts anticipate that Greenbrier Companies will post 3.82 EPS for the current year.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, January 25th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, January 24th. This represents a $1.20 annualized dividend and a yield of 2.34%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 35.93%.

Greenbrier Companies Company Profile

(Get Free Report)

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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