Investors Buy High Volume of The Greenbrier Companies Call Options (GBX)

The Greenbrier Companies (NYSE:GBX) saw unusually large options trading on Thursday. Stock investors bought 5,784 call options on the stock. This represents an increase of approximately 4,802% compared to the average daily volume of 118 call options.

Several research analysts have recently commented on the company. ValuEngine upgraded The Greenbrier Companies from a “hold” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus set a $55.00 target price on The Greenbrier Companies and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research lowered The Greenbrier Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $56.75.

In other news, EVP Mark J. Rittenbaum sold 10,000 shares of The Greenbrier Companies stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $47.68, for a total value of $476,800.00. Following the completion of the transaction, the executive vice president now owns 68,726 shares in the company, valued at approximately $3,276,855.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alejandro Centurion sold 8,000 shares of The Greenbrier Companies stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $44.67, for a total value of $357,360.00. Following the completion of the transaction, the executive vice president now owns 15,925 shares of the company’s stock, valued at approximately $711,369.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,000 shares of company stock valued at $1,064,310. Insiders own 2.46% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GBX. Schwab Charles Investment Management Inc. boosted its position in The Greenbrier Companies by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 233,864 shares of the transportation company’s stock valued at $12,465,000 after purchasing an additional 13,156 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its position in The Greenbrier Companies by 2.0% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 175,324 shares of the transportation company’s stock valued at $9,345,000 after purchasing an additional 3,410 shares during the period. Bowling Portfolio Management LLC boosted its position in The Greenbrier Companies by 21.6% during the 4th quarter. Bowling Portfolio Management LLC now owns 43,444 shares of the transportation company’s stock valued at $2,316,000 after purchasing an additional 7,718 shares during the period. James Investment Research Inc. boosted its position in The Greenbrier Companies by 121.5% during the 4th quarter. James Investment Research Inc. now owns 79,933 shares of the transportation company’s stock valued at $4,260,000 after purchasing an additional 43,853 shares during the period. Finally, Unison Advisors LLC acquired a new position in The Greenbrier Companies during the 4th quarter valued at approximately $326,000.

The Greenbrier Companies opened at $50.25 on Friday, MarketBeat.com reports. The Greenbrier Companies has a 12-month low of $46.90 and a 12-month high of $48.45. The company has a market cap of $1.41 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.24 and a beta of 1.56. The company has a quick ratio of 1.95, a current ratio of 2.82 and a debt-to-equity ratio of 0.45.

The Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Friday, April 6th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. The Greenbrier Companies had a return on equity of 10.22% and a net margin of 6.45%. The business had revenue of $629.30 million during the quarter, compared to analyst estimates of $612.51 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities analysts expect that The Greenbrier Companies will post 4.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Wednesday, April 25th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.99%. This is a positive change from The Greenbrier Companies’s previous quarterly dividend of $0.23. The Greenbrier Companies’s payout ratio is currently 26.60%.

About The Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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