Greenbrier Companies (NYSE:GBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Greenbrier Companies Inc., is a leading supplier of transportation equipment and services to the railroad and related industries. The company’s manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. It also engages in complementary leasing and services activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland & Romania that serves customers across Europe and in the Middle East. Greenbrier builds freight railcars & rail castings in Brazil through two separate strategic partnerships. It is a leading provider of wheel services, railcar management & regulatory compliance services and leasing services to railroads in North America. Greenbrier offers freight railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership with Watco Companies, LLC. “
GBX has been the topic of several other research reports. ValuEngine raised Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Seaport Global Securities started coverage on Greenbrier Companies in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Stifel Nicolaus set a $55.00 price objective on Greenbrier Companies and gave the stock a “buy” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.00.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Friday, January 5th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. The company had revenue of $559.50 million for the quarter, compared to analysts’ expectations of $591.05 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Greenbrier Companies’s revenue was up 1.3% compared to the same quarter last year. analysts expect that Greenbrier Companies will post 4.13 EPS for the current year.
In other Greenbrier Companies news, EVP Alejandro Centurion sold 5,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the sale, the executive vice president now owns 13,523 shares of the company’s stock, valued at approximately $703,196. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.46% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in GBX. The Manufacturers Life Insurance Company boosted its position in Greenbrier Companies by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,989 shares of the transportation company’s stock valued at $970,000 after acquiring an additional 172 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Greenbrier Companies during the 3rd quarter valued at $603,000. Stevens Capital Management LP bought a new stake in Greenbrier Companies during the 3rd quarter valued at $954,000. Jennison Associates LLC bought a new stake in Greenbrier Companies during the 3rd quarter valued at $285,000. Finally, BNP Paribas Arbitrage SA boosted its position in Greenbrier Companies by 35.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,676 shares of the transportation company’s stock valued at $947,000 after acquiring an additional 5,189 shares in the last quarter.
About Greenbrier Companies
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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