The EVP, Commercial & Leasing of Greenbrier (NYSE: GBX) is Selling Shares

By Carrie Williams

Today, the EVP, Commercial & Leasing of Greenbrier (NYSE: GBX), Mark Rittenbaum, sold shares of GBX for $476.7K.

Following Mark Rittenbaum’s last GBX Sell transaction on November 15, 2016, the stock climbed by 13.5%. In addition to Mark Rittenbaum, 2 other GBX executives reported Sell trades in the last month.

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Based on Greenbrier’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $628 million and quarterly net profit of $61.64 million. In comparison, last year the company earned revenue of $571 million and had a net profit of $34.54 million. GBX’s market cap is $1.41B and the company has a P/E ratio of 10.84. Currently, Greenbrier has an average volume of 1M.

Four different firms, including Merrill Lynch and Buckingham, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $53.75, reflecting a -6.5% downside.

The insider sentiment on Greenbrier has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Greenbrier Cos., Inc. engages in the design, manufacture, and marketing of railroad freight car equipment. It operates through the following segments: Manufacturing; Wheels and Parts; Leasing and Services; GBW Joint Venture; and Corporate. The Manufacturing segment includes double-stack intermodal railcars, tank cars, and marine vessels.