Cubist Systematic Strategies LLC Buys 38,491 Shares of The Greenbrier Companies, Inc. (NYSE:GBX)

Cubist Systematic Strategies LLC lifted its holdings in The Greenbrier Companies, Inc. (NYSE:GBX - Free Report) by 59.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,845 shares of the transportation company's stock after purchasing an additional 38,491 shares during the quarter. Cubist Systematic Strategies LLC owned 0.33% of Greenbrier Companies worth $6,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of Greenbrier Companies by 892.7% in the 4th quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after purchasing an additional 366 shares in the last quarter. R Squared Ltd acquired a new position in shares of Greenbrier Companies during the fourth quarter worth about $26,000. F M Investments LLC purchased a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC grew its position in Greenbrier Companies by 241.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 911 shares of the transportation company's stock worth $56,000 after purchasing an additional 644 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Greenbrier Companies by 812.3% during the 4th quarter. Sterling Capital Management LLC now owns 967 shares of the transportation company's stock worth $59,000 after purchasing an additional 861 shares during the period. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

Shares of NYSE GBX traded up $2.90 during mid-day trading on Monday, hitting $47.26. 564,673 shares of the stock were exchanged, compared to its average volume of 385,679. The company has a market cap of $1.48 billion, a P/E ratio of 8.25, a PEG ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The Greenbrier Companies, Inc. has a twelve month low of $37.77 and a twelve month high of $71.06. The stock's fifty day simple moving average is $47.45 and its two-hundred day simple moving average is $57.92.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.78 by ($0.09). The firm had revenue of $762.10 million during the quarter, compared to the consensus estimate of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, analysts forecast that The Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be given a $0.32 dividend. This is a positive change from Greenbrier Companies's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Tuesday, April 22nd. Greenbrier Companies's dividend payout ratio is presently 20.45%.

Wall Street Analyst Weigh In

Separately, Susquehanna lowered their price objective on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research note on Tuesday, April 8th.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.