Greenbrier Companies (NYSE:GBX) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Greenbrier Companies (NYSE:GBX - Free Report) from a hold rating to a strong-buy rating in a research note published on Saturday morning.

Separately, Susquehanna boosted their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research note on Wednesday, July 2nd.

Greenbrier Companies Price Performance

Shares of Greenbrier Companies stock traded down $0.07 during trading on Friday, hitting $56.00. 534,218 shares of the stock traded hands, compared to its average volume of 385,109. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.57 and a beta of 1.71. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.83. Greenbrier Companies has a 52 week low of $37.77 and a 52 week high of $71.06. The firm's fifty day moving average is $46.52 and its 200-day moving average is $52.70.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.87. The business had revenue of $842.70 million during the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a return on equity of 14.56% and a net margin of 6.48%. Greenbrier Companies's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Research analysts expect that Greenbrier Companies will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be paid a $0.32 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a yield of 2.29%. Greenbrier Companies's dividend payout ratio (DPR) is currently 18.13%.

Insider Buying and Selling at Greenbrier Companies

In other news, COO William J. Krueger sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total value of $192,000.00. Following the transaction, the chief operating officer owned 32,714 shares in the company, valued at approximately $1,570,272. This trade represents a 10.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.78% of the company's stock.

Hedge Funds Weigh In On Greenbrier Companies

Hedge funds have recently modified their holdings of the company. Quarry LP grew its stake in shares of Greenbrier Companies by 892.7% in the fourth quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after purchasing an additional 366 shares during the last quarter. F M Investments LLC purchased a new stake in Greenbrier Companies in the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew its position in shares of Greenbrier Companies by 44.7% in the 1st quarter. Versant Capital Management Inc now owns 690 shares of the transportation company's stock worth $35,000 after buying an additional 213 shares during the last quarter. NBC Securities Inc. grew its position in shares of Greenbrier Companies by 108,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock worth $55,000 after buying an additional 1,087 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Greenbrier Companies by 241.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company's stock valued at $56,000 after buying an additional 644 shares during the period. Hedge funds and other institutional investors own 95.59% of the company's stock.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.