Greenbrier Companies (NYSE:GBX) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Greenbrier Companies, Inc. (The) (NYSE:GBX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.77 and traded as high as $52.05. Greenbrier Companies shares last traded at $51.6860, with a volume of 429,823 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently commented on GBX shares. Zacks Research upgraded Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Wall Street Zen downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Susquehanna cut shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Thursday, July 2nd. Finally, Weiss Ratings cut shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Greenbrier Companies presently has an average rating of “Reduce” and a consensus target price of $45.00.

Greenbrier Companies Stock Up 1.2%

The company has a market cap of $1.61 billion, a P/E ratio of 15.48 and a beta of 1.43. The business has a fifty day moving average price of $48.50 and a 200-day moving average price of $50.78.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, July 1st. The transportation company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $576.50 million for the quarter, compared to the consensus estimate of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The firm’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. As a group, research analysts expect that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, July 16th. This represents a $1.36 annualized dividend and a yield of 2.6%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 40.36%.

Institutional Investors Weigh In On Greenbrier Companies

A number of hedge funds and other institutional investors have recently modified their holdings of GBX. Empowered Funds LLC grew its stake in shares of Greenbrier Companies by 6.3% in the first quarter. Empowered Funds LLC now owns 115,698 shares of the transportation company’s stock valued at $6,092,000 after acquiring an additional 6,904 shares in the last quarter. Amundi boosted its holdings in Greenbrier Companies by 12.4% in the 1st quarter. Amundi now owns 5,154 shares of the transportation company’s stock valued at $271,000 after purchasing an additional 567 shares during the period. California State Teachers Retirement System boosted its holdings in Greenbrier Companies by 30.3% in the 1st quarter. California State Teachers Retirement System now owns 37,385 shares of the transportation company’s stock valued at $1,968,000 after purchasing an additional 8,696 shares during the period. Quantinno Capital Management LP grew its position in shares of Greenbrier Companies by 359.1% during the 1st quarter. Quantinno Capital Management LP now owns 39,563 shares of the transportation company’s stock worth $2,083,000 after purchasing an additional 30,945 shares in the last quarter. Finally, SummitTX Capital L.P. acquired a new position in shares of Greenbrier Companies during the 1st quarter worth approximately $2,383,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.