Traders Buy High Volume of Greenbrier Companies Call Options (NYSE:GBX)

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Greenbrier Companies Inc (NYSE:GBX) was the recipient of unusually large options trading on Tuesday. Investors purchased 1,272 call options on the stock. This represents an increase of 1,253% compared to the typical volume of 94 call options.

Shares of GBX stock opened at $32.96 on Thursday. The stock has a 50 day moving average of $28.70 and a 200 day moving average of $29.21. The company has a current ratio of 2.61, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.00 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.95 and a beta of 2.09. Greenbrier Companies has a twelve month low of $21.30 and a twelve month high of $58.00.

Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP raised its position in Greenbrier Companies by 39.2% during the second quarter. First Trust Advisors LP now owns 75,355 shares of the transportation company’s stock valued at $2,291,000 after acquiring an additional 21,234 shares in the last quarter. Brandes Investment Partners LP purchased a new position in Greenbrier Companies during the second quarter valued at approximately $380,000. Charles Schwab Investment Management Inc. raised its position in Greenbrier Companies by 6.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 420,739 shares of the transportation company’s stock valued at $12,791,000 after acquiring an additional 27,196 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Greenbrier Companies by 13.2% during the second quarter. Public Employees Retirement System of Ohio now owns 4,273 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 497 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in Greenbrier Companies by 72.2% during the second quarter. Commonwealth Bank of Australia now owns 9,125 shares of the transportation company’s stock valued at $277,000 after acquiring an additional 3,825 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

Several research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Greenbrier Companies from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. ValuEngine upgraded Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Buckingham Research cut Greenbrier Companies from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $34.00 to $21.00 in a research note on Wednesday, July 24th. Wells Fargo & Co reduced their price objective on Greenbrier Companies from $36.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 3rd. Finally, Cowen restated an “outperform” rating and issued a $42.00 price objective (down from $48.00) on shares of Greenbrier Companies in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.13.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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