Greenbrier Companies Inc (GBX) Short Interest Update
Greenbrier Companies Inc (NYSE:GBX) was the target of a significant drop in short interest in January. As of January 12th, there was short interest totalling 9,077,875 shares, a drop of 0.7% from the December 29th total of 9,140,942 shares. Approximately 32.2% of the company’s shares are short sold. Based on an average trading volume of 603,367 shares, the short-interest ratio is presently 15.0 days.
Shares of Greenbrier Companies (GBX) opened at $50.30 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The company has a market cap of $1,440.00, a P/E ratio of 13.63, a P/E/G ratio of 1.30 and a beta of 1.95. Greenbrier Companies has a fifty-two week low of $40.45 and a fifty-two week high of $54.45.
Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $559.50 million during the quarter, compared to analysts’ expectations of $591.05 million. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. analysts anticipate that Greenbrier Companies will post 4.07 EPS for the current year.
In other news, EVP Alejandro Centurion sold 5,000 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the executive vice president now directly owns 13,523 shares of the company’s stock, valued at $703,196. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Walter T. Hannan sold 22,553 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $50.29, for a total transaction of $1,134,190.37. Following the completion of the transaction, the senior vice president now directly owns 9,098 shares in the company, valued at $457,538.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 277,553 shares of company stock worth $13,218,441. 2.46% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC lifted its stake in Greenbrier Companies by 69.1% in the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 898 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Greenbrier Companies by 872.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,529 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in Greenbrier Companies in the fourth quarter valued at approximately $206,000. Macquarie Group Ltd. acquired a new stake in Greenbrier Companies in the third quarter valued at approximately $265,000. Finally, Jennison Associates LLC acquired a new stake in Greenbrier Companies in the third quarter valued at approximately $285,000.
Several research firms recently commented on GBX. Seaport Global Securities began coverage on shares of Greenbrier Companies in a report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target for the company. Buckingham Research raised their price target on shares of Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Cowen restated an “outperform” rating and set a $58.00 price target (up from $57.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. ValuEngine upgraded shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $60.00 price target (up from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $59.00.
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About Greenbrier Companies
The Greenbrier Companies, Inc 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.
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