Shares of the company are trading at $52.20 which is slightly above $48.30, the 50 day moving average and quite a bit higher than the 200 day moving average of $45.80. The 50 day moving average moved up $3.90 and the 200 day average was up $6.40. Greenbrier Companies, Inc. (The shares had a trading volume of 634K by the end of trading on Tuesday. Overall, volume was up 31.58% over the stocks normal daily volume.
Traders are a little more bearish on shares of Greenbrier Companies, Inc. (The if you watch the uptick in short interest. The firm realized a rise in short interest of 7.12% as of the latest report on October 13, 2017. Short shares grew 600,041 over that period. Days to cover decreased from 20.0 to 14.0 and the percentage of shorted shares was 0.31% on October 13.
Here is a rundown on some insider market activity for Greenbrier Companies, Inc. (The (NYSE:GBX). EVP Lorie Tekorius sold 4,740 shares at an average price of $48.00 on Thu the 28th. That brings Tekorius’s holdings to $1,051,641 as recorded in a recent Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. First Trust Advisors Lp cut its investment by selling 25,498 shares a decrease of 13.9%. First Trust Advisors Lp now controls 157,868 shares worth $7,601,000. The value of the position overall is down by 10.4%. As of quarter end Victory Capital Management Inc had bought 7,178 shares growing its holdings by 1.0%. The value of the investment in GBX increased from $33,340,000 to $35,056,000 a change of 5.1% since the last quarter.
As of the end of the quarter Raymond James Financial Services Advisors, Inc. had disposed of a total of 2,275 shares trimming its stake by 31.0%. The value in dollars went from $340,000 to $244,000 decreasing 28.2% for the reporting period. Aperio Group, LLC downsized its holdings by shedding 474 shares a decrease of 1.7% as of 09/30/2017. Aperio Group, LLC claims 28,144 shares with a value of $1,355,000. The total value of its holdings increased 2.3%.
On July 17 the company was rated “Buy” in a report from Stifel Nicolaus which is up from the previous “Hold” rating.
The company is so far trading up by 3.88% percent from yesterday’s close. The company also recently declared a dividend payable on Wednesday December 6th, 2017. The dividend payment will be $0.220 per share for the quarter which comes to $0.88 on an annualized basis. This dividend amount will represent a yield of $1.77. The ex-dividend date is set for Friday the 14th of July 2017.
The company currently has a P/E ratio of 13.17 and the market value is 1.49B. As of the last earnings report the EPS was $3.96 and is estimated to be $3.84 for the current year with 28,502,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.87 and the next full year EPS is projected to be $3.60.
The Greenbrier Companies, Inc., launched on October 25, 2005, 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. It operates in four segments: Manufacturing; Wheels & Parts; Leasing & Services, and GBW Joint Venture. The Manufacturing segment, operating from facilities in the United States, Mexico and Poland, produces double-stack intermodal railcars, tank cars, conventional railcars, automotive railcar products and marine vessels. The Wheels & Parts segment performs wheel and axle servicing, as well as production of various parts for the railroad industry in North America. As of August 31, 2015, the Leasing & Services segment owned approximately 9,300 railcars (6,300 railcars held as equipment on operating leases, 2,800 held as leased railcars for syndication and 200 held as finished goods inventory) and provided management services for approximately 260,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing and transportation companies in North America. As of August 31, 2015, the GBW Joint Venture segment provided repair services at 33 locations across North America. It also produces rail castings and tank heads through unconsolidated joint ventures. It operates an integrated business model in North America that combines freight car manufacturing, wheel services, repair, refurbishment, retrofitting, component parts, leasing and fleet management services. Its model is designed to provide customers with a set of freight car solutions utilizing its engineering, mechanical and technical capabilities. Its customers include railroads, leasing companies, financia.Advertisement