12,500 Shares in Greenbrier Companies, Inc. (The) $GBX Acquired by Mengis Capital Management Inc.

Key Points

• Mengis Capital Management Inc. has acquired 12,500 shares of Greenbrier Companies, Inc., valued at approximately $576,000, marking a new position for the firm.
• A significant majority, 95.59%, of Greenbrier's shares are currently held by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Greenbrier Companies has received varied ratings from analysts, with one upgrade to a "strong-buy" and a consensus price target of $59.50.

Mengis Capital Management Inc. bought a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,500 shares of the transportation company's stock, valued at approximately $576,000.

Several other hedge funds have also added to or reduced their stakes in the business. Fox Run Management L.L.C. raised its holdings in Greenbrier Companies by 2.1% during the 1st quarter. Fox Run Management L.L.C. now owns 16,271 shares of the transportation company's stock worth $833,000 after purchasing an additional 327 shares during the last quarter. US Bancorp DE lifted its position in shares of Greenbrier Companies by 111.1% in the 1st quarter. US Bancorp DE now owns 1,121 shares of the transportation company's stock worth $57,000 after purchasing an additional 590 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Greenbrier Companies by 10.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,883 shares of the transportation company's stock worth $455,000 after purchasing an additional 846 shares during the period. Corton Capital Inc. lifted its position in shares of Greenbrier Companies by 23.1% in the 1st quarter. Corton Capital Inc. now owns 5,574 shares of the transportation company's stock worth $286,000 after purchasing an additional 1,046 shares during the period. Finally, NBC Securities Inc. lifted its position in shares of Greenbrier Companies by 108,700.0% in the 1st quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company's stock worth $55,000 after purchasing an additional 1,087 shares during the period. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GBX. Wall Street Zen upgraded shares of Greenbrier Companies from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Weiss Ratings restated a "hold (c+)" rating on shares of Greenbrier Companies in a research report on Wednesday. Finally, Susquehanna boosted their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Greenbrier Companies currently has an average rating of "Hold" and a consensus price target of $59.50.

Greenbrier Companies Stock Performance

Shares of GBX stock opened at $45.30 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.76. The firm has a fifty day simple moving average of $46.05 and a two-hundred day simple moving average of $46.40. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83. Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06.

Insider Buying and Selling

In other Greenbrier Companies news, Director James R. Huffines purchased 2,500 shares of the firm's stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $44.84 per share, for a total transaction of $112,100.00. Following the purchase, the director owned 13,909 shares of the company's stock, valued at $623,679.56. This trade represents a 21.91% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.78% of the company's stock.

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.

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