Caxton Associates LLP Makes New Investment in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Caxton Associates LLP has acquired a new position in Greenbrier Companies, purchasing 27,973 shares valued at approximately $1.43 million, owning 0.09% of the company post-acquisition.
• Greenbrier Companies reported $1.86 earnings per share for the last quarter, which significantly exceeded analysts' expectations of $0.99, indicating strong financial performance.
• The company recently declared a quarterly dividend of $0.32 per share, representing an annualized dividend yield of 2.8%.

Caxton Associates LLP acquired a new position in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 27,973 shares of the transportation company's stock, valued at approximately $1,433,000. Caxton Associates LLP owned 0.09% of Greenbrier Companies at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Greenbrier Companies by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 3,778,630 shares of the transportation company's stock worth $193,541,000 after acquiring an additional 242,180 shares during the period. Millennium Management LLC raised its holdings in Greenbrier Companies by 260.2% in the first quarter. Millennium Management LLC now owns 741,760 shares of the transportation company's stock valued at $37,993,000 after buying an additional 535,843 shares during the period. LSV Asset Management raised its holdings in Greenbrier Companies by 9.1% in the first quarter. LSV Asset Management now owns 595,064 shares of the transportation company's stock valued at $30,479,000 after buying an additional 49,879 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in Greenbrier Companies by 5.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 569,228 shares of the transportation company's stock valued at $29,156,000 after buying an additional 29,408 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Greenbrier Companies by 2.0% in the fourth quarter. Ameriprise Financial Inc. now owns 536,381 shares of the transportation company's stock valued at $32,714,000 after buying an additional 10,521 shares during the period. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GBX has been the topic of several research reports. Susquehanna raised their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the company a "positive" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Greenbrier Companies from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Greenbrier Companies presently has an average rating of "Hold" and a consensus target price of $59.50.

Greenbrier Companies Stock Down 2.1%

Shares of GBX traded down $0.97 during mid-day trading on Friday, reaching $46.22. 226,678 shares of the stock traded hands, compared to its average volume of 245,248. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 6.55, a P/E/G ratio of 1.57 and a beta of 1.72. The stock has a fifty day simple moving average of $47.68 and a 200 day simple moving average of $47.57. Greenbrier Companies, Inc. has a 12-month low of $37.77 and a 12-month high of $71.06. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 0.83.

Greenbrier Companies (NYSE:GBX - Get Free Report) last released its quarterly earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.87. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The business had revenue of $842.70 million during the quarter, compared to the consensus estimate of $785.72 million. During the same quarter last year, the company earned $1.06 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. Greenbrier Companies has set its FY 2025 guidance at EPS. Sell-side analysts expect that Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. Greenbrier Companies's dividend payout ratio (DPR) is presently 18.13%.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, Director Wanda F. Felton sold 3,652 shares of Greenbrier Companies stock in a transaction on Friday, July 11th. The shares were sold at an average price of $54.31, for a total value of $198,340.12. Following the completion of the transaction, the director owned 3,000 shares of the company's stock, valued at $162,930. The trade was a 54.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James R. Huffines acquired 2,500 shares of the firm's stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $44.84 per share, with a total value of $112,100.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 11,379 shares of company stock worth $595,213 over the last three months. 1.78% of the stock is owned by corporate insiders.

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.