In a recent transaction, Christian M. Lucky, Senior Vice President, Chief Legal Officer, and Chief Compliance Officer of Greenbrier Companies Inc (NYSE:GBX), sold shares of the company's stock. The sale, which took place on April 26, totaled over $76,000.
Lucky sold a total of 1,454 shares of Greenbrier Companies stock at prices ranging from $52.8971 to $52.945 per share. Following these transactions, Lucky's direct ownership in the company stands at 7,841.1636 shares, which includes 156.815 shares obtained through the employee stock purchase plan and 0.2323 shares from dividend reinvestment, as noted in the footnotes of the filing.
The sale was executed under a standard transaction without any equity swaps involved, as reported in the filing with the Securities and Exchange Commission. The transactions were made public on April 30, in accordance with SEC regulations.
Greenbrier Companies, based in Lake Oswego, Oregon, is a leading supplier in the railroad freight car equipment industry. The company's shares are publicly traded on the New York Stock Exchange under the ticker symbol GBX.
Investors often monitor insider transactions as they can provide insights into an executive's confidence in the company's prospects. However, these transactions can be motivated by a variety of personal financial considerations and do not necessarily signal a change in company fundamentals.
The details of the transactions, including the exact number of shares sold and the prices received, are available in the SEC filing. Interested parties can access this information for a more comprehensive understanding of the trades and the executive's remaining stake in the company.
InvestingPro Insights
As Senior Vice President Christian M. Lucky adjusts his stake in Greenbrier Companies Inc (NYSE:GBX), it's worth noting the company's current financial landscape according to InvestingPro data. With a market capitalization of $1,540 million and a trailing twelve-month P/E ratio of 12.87, Greenbrier presents an interesting case for investors. The company has maintained a consistent dividend yield of 2.35%, rewarding shareholders for their investment.
Greenbrier's revenue growth over the last twelve months was 2.6%, reflecting a steady business environment. However, the company's gross profit margin stands at 13.37%, which is an area worth monitoring. In terms of stock performance, Greenbrier has experienced a significant price uptick of 50.58% over the last six months, indicating a strong market confidence in the company's trajectory.
Turning to InvestingPro Tips, it's important to recognize that Greenbrier operates with a significant debt burden, which could impact its financial flexibility. On the other hand, the company has been profitable over the last twelve months and analysts expect net income to grow this year. For those interested in Greenbrier's future prospects, there are additional insights available: InvestingPro offers 12 more tips on Greenbrier, which can be accessed by visiting https://www.investing.com/pro/GBX. To gain further insights and tips, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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