William J. Krueger, Senior Vice President and Chief Operating Officer for The Americas at Greenbrier Companies Inc . (NYSE:GBX), recently sold shares of the company's common stock. According to a filing with the Securities and Exchange Commission, Krueger sold a total of 2,000 shares on December 2, 2024. The shares were sold at prices ranging from $67.47 to $69.04, generating a total of $137,121. The transaction comes as GBX trades near its 52-week high of $69.12, having delivered impressive returns of 79% over the past year and 58% year-to-date.
Following these transactions, Krueger's direct ownership in Greenbrier Companies stands at 46,714 shares. The sales were conducted under a 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks, providing them with an affirmative defense against accusations of insider trading. According to InvestingPro analysis, the stock currently appears slightly overvalued, with technical indicators suggesting overbought conditions. Subscribers can access 10+ additional ProTips and comprehensive insider trading analysis through InvestingPro's detailed research reports.
In other recent news, Greenbrier Companies reported a robust financial performance for the fourth quarter and the full fiscal year of 2024. The company's EBITDA increased to $159 million in Q4, and the aggregate gross margin improved to 18.2%, marking a 310 basis point sequential rise. The full-year gross margin climbed to 15.8%, a significant 460 basis point advancement compared to fiscal 2023.
The company's strategic initiatives have positioned it for future growth, with plans to double recurring revenue from leasing activities by fiscal 2028. Greenbrier also anticipates new railcar deliveries between 22,500 and 25,000 units for fiscal 2025. For the upcoming fiscal year, the company forecasts revenue of $3.35 billion to $3.65 billion.
Greenbrier projects an improvement in gross margin to 16% to 16.5% for fiscal 2025. Operating margins are expected to be between 9.2% and 9.7%. The company plans capital expenditures at approximately $395 million in leasing and management services for the upcoming fiscal year. These are recent developments and part of the company's growth strategy.
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