Point72 Asset Management L.P. Grows Position in Greenbrier Companies, Inc. (The) (GBX)
Point72 Asset Management L.P. increased its position in Greenbrier Companies, Inc. (The) (NYSE:GBX) by 157.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 469,966 shares of the transportation company’s stock after buying an additional 287,736 shares during the period. Point72 Asset Management L.P. owned 1.65% of Greenbrier Companies worth $22,629,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC boosted its position in Greenbrier Companies by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock worth $102,000 after purchasing an additional 898 shares during the period. Tower Research Capital LLC TRC boosted its position in Greenbrier Companies by 872.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock worth $130,000 after purchasing an additional 2,529 shares during the period. US Bancorp DE boosted its position in Greenbrier Companies by 18.5% during the second quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock worth $237,000 after purchasing an additional 800 shares during the period. Macquarie Group Ltd. bought a new stake in Greenbrier Companies during the third quarter worth approximately $265,000. Finally, Airain ltd bought a new stake in Greenbrier Companies during the second quarter worth approximately $276,000.
Shares of Greenbrier Companies, Inc. (NYSE:GBX) opened at $51.15 on Thursday. Greenbrier Companies, Inc. has a 12-month low of $39.10 and a 12-month high of $52.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.10 and a quick ratio of 2.15. The firm has a market capitalization of $1,460.86, a P/E ratio of 13.50, a PEG ratio of 1.35 and a beta of 1.97.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.23. Greenbrier Companies had a return on equity of 10.75% and a net margin of 5.35%. The company had revenue of $611.40 million during the quarter, compared to analysts’ expectations of $647.98 million. During the same period in the prior year, the business earned $1.06 earnings per share. Greenbrier Companies’s revenue for the quarter was up 2.7% compared to the same quarter last year. sell-side analysts anticipate that Greenbrier Companies, Inc. will post 3.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.80%. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, November 14th. Greenbrier Companies’s dividend payout ratio is currently 25.14%.
A number of equities research analysts have issued reports on the company. BidaskClub cut Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Sunday, August 20th. Zacks Investment Research raised Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $58.00 target price for the company in a research report on Friday, October 6th. Buckingham Research upped their target price on Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 5th. Cowen reaffirmed an “outperform” rating and set a $58.00 target price (up previously from $57.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $60.00 target price on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Greenbrier Companies currently has an average rating of “Buy” and a consensus price target of $53.57.
In related news, CFO Lorie Tekorius sold 4,740 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $48.00, for a total value of $227,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William A. Furman sold 117,652 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $46.91, for a total value of $5,519,055.32. The disclosure for this sale can be found here. Insiders sold 289,570 shares of company stock valued at $13,824,232 over the last three months. 2.46% of the stock is owned by company insiders.
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About Greenbrier Companies
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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