Here is the rundown on market activity for Greenbrier Companies, Inc. (The (NYSE:GBX). Alejandro Centurion, EVP reported the sale of 6,000 shares of GBX stock. The shares sold for $43.18. The EVP now owns $629,694 of the stock per the Form 4 SEC filing. EVP, Commercial & Leasing Mark J. Rittenbaum sold 2,100 shares at an average price of $44.75 on Fri the 26th. Rittenbaum now owns $2,856,258 of stock as reported to the SEC.
President & CEO William A. Furman disclosed the sale of 110,592 shares of (GBX). The shares were sold on May 2nd for a price of $43.16. Furman now owns $20,338,503 of the stock according to the SEC filing.
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.
These firms have also modified their investment in GBX. Clinton Group Inc divested its ownership by selling 1,157 shares a decrease of 6.2% in the quarter. Clinton Group Inc currently owns 17,593 shares worth $758,000. The total value of its holdings decreased 2.7%. Creative Planning grew its position by buying 375 shares an increase of 21.6% from 03/31/2017 to 06/30/2017. Creative Planning now holds 2,115 shares valued at $98,000. The value of the position overall is up by 30.7%.
Next Financial Group, Inc cut its stake by selling 50 shares a decrease of 3.3% as of 06/30/2017. Next Financial Group, Inc controls 1,475 shares with a value of $68,000. The value of the position overall is up by 3.0%. As of quarter end Bank Of Montreal /can/ had disposed of a total of 33 shares trimming its holdings by 13.3%. The value of the total investment in Greenbrier Companies, Inc. (The went from $11,000 to $10,000 a change of 9.1% since the last quarter.
On October 26 the company was downgraded from “” to “Neutral” by Bank of America. On October 20 the stock rating was downgraded to “Hold” from “Buy” in a statement from Standpoint Research.
On October 19 the company was rated “Hold” in a report from Standpoint Research which is down from the previous “Buy” rating. On September 30, 2016 CLSA issued its first research report on the stock giving it an initial rating of “Underperform” and projecting a price target of $35.00.
April 6 investment analysts at Avondale Partners kept the stock rating at “Market Perform” and raised the price target to $25.00 from $22.00. On March 17, 2016 the stock rating was set at “Hold” by BBT down from the previous “Buy” rating.
The company is trading down from yesterday’s close of $42.65. Greenbrier Companies, Inc. (The also recently declared a dividend for shareholders to be paid on Tuesday the 8th of August 2017. The dividend will be $0.220 per share for the quarter or $0.88 on an annualized basis. This dividend represents a yeild of $2.01 which is the dividend as a percentage of the current share price. The ex-dividend date will be Thursday April 13th, 2017.
Company chares are trading at $42.20 which is a tad under the 50 day moving average which is $46.41 and which is marginally lower than the 200 day moving average of $44.61. The 50 day moving average was down by -9.07% and the 200 day average went down $-2.41 or -5.41%.
The company’s P/E ratio is 10.65 and market cap is 1.20B. As of the last earnings report the EPS was $3.96 and is projected to be $3.54 for the current year with 28,502,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.72 with next year’s EPS projected to be $3.08.Advertisement