Griffin Asset Management Inc. purchased a new position in Greenbrier Companies Inc (NYSE:GBX) in the 2nd quarter, HoldingsChannel reports. The fund purchased 31,669 shares of the transportation company’s stock, valued at approximately $963,000.
Other large investors have also bought and sold shares of the company. Intrinsic Edge Capital Management LLC purchased a new position in shares of Greenbrier Companies during the 2nd quarter valued at $11,989,000. Verition Fund Management LLC raised its holdings in shares of Greenbrier Companies by 3.7% in the 2nd quarter. Verition Fund Management LLC now owns 22,715 shares of the transportation company’s stock valued at $690,000 after acquiring an additional 807 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Greenbrier Companies by 13.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,674 shares of the transportation company’s stock valued at $1,402,000 after acquiring an additional 5,471 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of Greenbrier Companies by 101.0% during the 2nd quarter. Voloridge Investment Management LLC now owns 26,775 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 13,453 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Greenbrier Companies during the 2nd quarter valued at about $2,161,000. Institutional investors and hedge funds own 88.83% of the company’s stock.
GBX traded up $0.26 on Monday, hitting $30.20. 9,292 shares of the company were exchanged, compared to its average volume of 411,570. The firm has a fifty day simple moving average of $25.58 and a two-hundred day simple moving average of $29.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 2.61. Greenbrier Companies Inc has a 12 month low of $21.30 and a 12 month high of $64.87. The stock has a market capitalization of $972.45 million, a PE ratio of 7.31, a price-to-earnings-growth ratio of 0.91 and a beta of 2.02.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Tuesday, July 2nd. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.07). Greenbrier Companies had a return on equity of 5.81% and a net margin of 2.38%. The company had revenue of $856.20 million for the quarter, compared to the consensus estimate of $863.24 million. During the same quarter in the previous year, the business earned $1.30 earnings per share. Greenbrier Companies’s revenue was up 33.5% compared to the same quarter last year. On average, equities analysts expect that Greenbrier Companies Inc will post 3.05 earnings per share for the current year.
Several equities analysts have recently commented on GBX shares. Buckingham Research lowered Greenbrier Companies from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $34.00 to $21.00 in a research report 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 on the stock in a research report on Wednesday, July 3rd. Stifel Nicolaus reduced their price objective on Greenbrier Companies from $44.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Zacks Investment Research upgraded Greenbrier Companies from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, September 25th. Finally, Bank of America reiterated an “underperform” rating and set a $28.00 price objective (down from $34.00) on shares of Greenbrier Companies in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Greenbrier Companies has a consensus rating of “Hold” and a consensus price target of $37.50.
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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