Zacks Investment Research Lowers Greenbrier Companies (GBX) to Hold

Zacks Investment Research lowered shares of Greenbrier Companies (NYSE:GBX) from a buy rating to a hold rating in a research report report published on Friday.

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. “

Other equities research analysts also recently issued reports about the company. Seaport Global Securities reissued a buy rating on shares of Greenbrier Companies in a research report on Wednesday, January 9th. Cowen reissued a buy rating and set a $65.00 target price on shares of Greenbrier Companies in a research report on Wednesday, January 9th. Stifel Nicolaus set a $62.00 target price on Greenbrier Companies and gave the stock a buy rating in a research report on Monday, October 29th. Bank of America decreased their target price on Greenbrier Companies from $56.00 to $47.00 and set a buy rating on the stock in a research report on Thursday. Finally, TheStreet downgraded Greenbrier Companies from a b rating to a c+ rating in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Greenbrier Companies presently has an average rating of Buy and a consensus price target of $54.50.

GBX stock opened at $39.54 on Friday. Greenbrier Companies has a twelve month low of $37.44 and a twelve month high of $64.87. The stock has a market cap of $1.26 billion, a P/E ratio of 9.57, a PEG ratio of 0.95 and a beta of 1.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 2.76.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Greenbrier Companies had a return on equity of 8.87% and a net margin of 5.60%. The business had revenue of $604.50 million for the quarter, compared to the consensus estimate of $559.43 million. During the same period last year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Greenbrier Companies will post 4.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, January 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Tuesday, January 29th. Greenbrier Companies’s payout ratio is 24.21%.

In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 9,954 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $51.30, for a total transaction of $510,640.20. Following the sale, the executive vice president now directly owns 64,137 shares of the company’s stock, valued at $3,290,228.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.76% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. NEXT Financial Group Inc bought a new position in shares of Greenbrier Companies in the third quarter valued at approximately $111,000. Stone Ridge Asset Management LLC bought a new position in shares of Greenbrier Companies in the third quarter valued at approximately $210,000. Advisors Asset Management Inc. raised its stake in shares of Greenbrier Companies by 197.0% in the second quarter. Advisors Asset Management Inc. now owns 3,522 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 2,336 shares during the last quarter. Trilogy Capital Inc. bought a new position in shares of Greenbrier Companies in the third quarter valued at approximately $221,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Greenbrier Companies by 39.2% in the third quarter. Riverhead Capital Management LLC now owns 4,970 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 1,400 shares during the last quarter.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The 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; 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.

Further Reading: Asset Allocation

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