Greenbrier Companies, Inc. (The) (NYSE:GBX) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) from a buy rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. In addition to manufacturing, they are engaged in complementary leasing and services activities. “

Several other research analysts have also recently issued reports on GBX. BidaskClub cut Greenbrier Companies, Inc. (The) from a hold rating to a sell rating in a research report on Tuesday, July 11th. Buckingham Research assumed coverage on Greenbrier Companies, Inc. (The) in a research report on Wednesday, June 21st. They set a neutral rating and a $45.00 target price on the stock. Cowen and Company lifted their target price on Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the company an outperform rating in a research report on Tuesday, July 4th. Bank of America Corporation raised Greenbrier Companies, Inc. (The) from a neutral rating to a buy rating and lifted their target price for the company from $49.00 to $59.00 in a research report on Tuesday, July 4th. Finally, Stifel Nicolaus raised Greenbrier Companies, Inc. (The) from a hold rating to a buy rating and lifted their target price for the company from $48.00 to $51.00 in a research report on Monday, July 17th. Five analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $45.28.

Shares of Greenbrier Companies, Inc. (GBX) opened at 45.95 on Friday. The company has a market cap of $1.31 billion, a PE ratio of 11.59 and a beta of 1.86. The stock’s 50 day moving average price is $45.78 and its 200-day moving average price is $44.75. Greenbrier Companies, Inc. has a 52 week low of $28.95 and a 52 week high of $51.25.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last announced its earnings results on Thursday, June 29th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.21. The company had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $516.17 million. Greenbrier Companies, Inc. (The) had a return on equity of 11.74% and a net margin of 5.85%. Greenbrier Companies, Inc. (The)’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Analysts expect that Greenbrier Companies, Inc. will post $3.54 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 8th. Investors of record on Tuesday, July 18th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, July 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.92%. Greenbrier Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 22.17%.

In related news, EVP Mark J. Rittenbaum sold 2,100 shares of Greenbrier Companies, Inc. (The) stock in a transaction on Friday, May 26th. The stock was sold at an average price of $44.75, for a total transaction of $93,975.00. Following the sale, the executive vice president now directly owns 63,827 shares in the company, valued at $2,856,258.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alejandro Centurion sold 3,000 shares of Greenbrier Companies, Inc. (The) stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $43.05, for a total value of $129,150.00. Following the sale, the executive vice president now owns 17,583 shares in the company, valued at $756,948.15. The disclosure for this sale can be found here. Insiders have sold 9,400 shares of company stock worth $411,005 over the last quarter. 4.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Balter Liquid Alternatives LLC acquired a new stake in shares of Greenbrier Companies, Inc. (The) during the second quarter worth approximately $589,000. Prudential Financial Inc. raised its stake in shares of Greenbrier Companies, Inc. (The) by 20.5% in the second quarter. Prudential Financial Inc. now owns 348,417 shares of the transportation company’s stock worth $16,114,000 after buying an additional 59,350 shares during the period. Federated Investors Inc. PA raised its stake in shares of Greenbrier Companies, Inc. (The) by 3.0% in the second quarter. Federated Investors Inc. PA now owns 213,150 shares of the transportation company’s stock worth $9,859,000 after buying an additional 6,198 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Greenbrier Companies, Inc. (The) by 17.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 23,701 shares of the transportation company’s stock worth $1,096,000 after buying an additional 3,555 shares during the period. Finally, KBC Group NV raised its stake in shares of Greenbrier Companies, Inc. (The) by 7.5% in the second quarter. KBC Group NV now owns 30,541 shares of the transportation company’s stock worth $1,413,000 after buying an additional 2,127 shares during the period.

Greenbrier Companies, Inc. (The) Company Profile

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

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