Trade Report: The Vetr Inc. Lowers Greenbrier Companies Inc. (GBX) to Sell

The Vetr Inc. Lowers Greenbrier Companies Inc. (GBX) to Sell

Vetr downgraded shares of Greenbrier Companies Inc. (NYSE:GBX) from a hold rating to a sell rating in a research report report published on Monday morning. The firm currently has $35.84 target price on the stock.

A number of other research firms have also recently commented on GBX. Zacks Investment Research cut shares of Greenbrier Companies from a hold rating to a sell rating in a research note on Monday, September 19th. Standpoint Research reiterated a buy rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Longbow Research cut shares of Greenbrier Companies from a buy rating to a neutral rating in a research note on Monday, June 20th. Wells Fargo & Co. reiterated a hold rating and issued a $31.00 target price on shares of Greenbrier Companies in a research note on Monday, September 19th. Finally, Cowen and Company lowered their target price on shares of Greenbrier Companies from $37.00 to $35.00 and set an outperform rating for the company in a research note on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $35.20.

Greenbrier Companies (NYSE:GBX) opened at 36.35 on Monday. Greenbrier Companies has a 52 week low of $19.89 and a 52 week high of $42.04. The stock has a 50 day moving average of $34.66 and a 200 day moving average of $30.97. The company has a market cap of $1.03 billion, a P/E ratio of 5.43 and a beta of 2.46.

In related news, EVP Mark J. Rittenbaum sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $32.20, for a total value of $161,000.00. Following the completion of the sale, the executive vice president now owns 95,357 shares of the company’s stock, valued at approximately $3,070,495.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark J. Rittenbaum sold 6,250 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $34.75, for a total transaction of $217,187.50. Following the completion of the sale, the executive vice president now directly owns 89,107 shares of the company’s stock, valued at approximately $3,096,468.25. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

A number of large investors have recently modified their holdings of GBX. Capstone Asset Management Co. raised its stake in shares of Greenbrier Companies by 3.6% in the third quarter. Capstone Asset Management Co. now owns 14,376 shares of the company’s stock valued at $507,000 after buying an additional 500 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Greenbrier Companies during the third quarter valued at $296,000. Mason Street Advisors LLC bought a new stake in shares of Greenbrier Companies during the second quarter valued at $146,000. Schwab Charles Investment Management Inc. increased its stake in shares of Greenbrier Companies by 17.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,411 shares of the company’s stock valued at $6,334,000 after buying an additional 32,643 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Greenbrier Companies during the second quarter valued at $4,690,000. 94.58% of the stock is owned by institutional investors.

About Greenbrier Companies

The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.

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