The Greenbrier Companies, Inc. (NYSE:GBX) Declares Quarterly Dividend of $0.30

The Greenbrier Companies, Inc. (NYSE:GBX) declared a quarterly dividend on Friday, April 5th, Zacks reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.30 per share by the transportation company on Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Monday, April 22nd.

Greenbrier Companies has increased its dividend payment by an average of 1.8% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Greenbrier Companies has a payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Greenbrier Companies to earn $4.27 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 28.1%.

Greenbrier Companies Price Performance

Greenbrier Companies stock opened at $51.84 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average price of $50.61 and a 200 day moving average price of $44.56. Greenbrier Companies has a 12-month low of $25.41 and a 12-month high of $58.00. The stock has a market cap of $1.61 billion, a P/E ratio of 15.25, a PEG ratio of 1.77 and a beta of 1.66.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.75 by $0.28. The firm had revenue of $862.70 million for the quarter, compared to analyst estimates of $841.58 million. Greenbrier Companies had a net margin of 2.97% and a return on equity of 9.05%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. Sell-side analysts anticipate that Greenbrier Companies will post 4.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TheStreet upgraded shares of Greenbrier Companies from a “c+” rating to a “b” rating in a report on Friday, January 5th. TD Cowen boosted their price target on shares of Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Stephens raised their price objective on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Susquehanna increased their target price on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.00.

Insiders Place Their Bets

In other news, SVP Martin Raymond Baker sold 4,480 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $52.40, for a total value of $234,752.00. Following the sale, the senior vice president now directly owns 49,000 shares in the company, valued at approximately $2,567,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Greenbrier Companies news, EVP Brian J. Comstock sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $46.39, for a total transaction of $115,975.00. Following the transaction, the executive vice president now owns 80,111 shares of the company’s stock, valued at $3,716,349.29. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Martin Raymond Baker sold 4,480 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $52.40, for a total value of $234,752.00. Following the completion of the transaction, the senior vice president now directly owns 49,000 shares in the company, valued at approximately $2,567,600. The disclosure for this sale can be found here. Insiders sold 19,965 shares of company stock worth $1,011,213 in the last 90 days. Corporate insiders own 2.54% of the company’s stock.

Institutional Trading of Greenbrier Companies

Several hedge funds have recently made changes to their positions in GBX. Price T Rowe Associates Inc. MD lifted its position in Greenbrier Companies by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,434 shares of the transportation company’s stock valued at $638,000 after purchasing an additional 799 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Greenbrier Companies by 846.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,404 shares of the transportation company’s stock valued at $725,000 after acquiring an additional 14,671 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Greenbrier Companies by 5.3% during the 4th quarter. Voloridge Investment Management LLC now owns 216,890 shares of the transportation company’s stock worth $9,582,000 after purchasing an additional 10,937 shares during the period. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Greenbrier Companies in the 4th quarter valued at about $1,102,000. Finally, Public Sector Pension Investment Board lifted its stake in shares of Greenbrier Companies by 69.1% in the fourth quarter. Public Sector Pension Investment Board now owns 64,546 shares of the transportation company’s stock valued at $2,852,000 after purchasing an additional 26,375 shares during the period. Institutional investors and hedge funds 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.