Aigen Investment Management LP Makes New $615,000 Investment in Greenbrier Companies, Inc. (The) (NYSE:GBX)

Key Points

• Aigen Investment Management LP has made a new investment of approximately $615,000 in Greenbrier Companies, purchasing 12,012 shares during the first quarter.
• Greenbrier Companies reported earnings of $1.86 per share for the most recent quarter, significantly surpassing analysts' expectations of $0.99.
• The company has recently announced a quarterly dividend of $0.32 per share, representing an annualized yield of 2.8%.

Aigen Investment Management LP purchased a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,012 shares of the transportation company's stock, valued at approximately $615,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Greenbrier Companies by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 3,778,630 shares of the transportation company's stock valued at $193,541,000 after acquiring an additional 242,180 shares during the period. Encompass Capital Advisors LLC lifted its position in Greenbrier Companies by 26.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 930,236 shares of the transportation company's stock valued at $56,735,000 after purchasing an additional 193,340 shares during the last quarter. LSV Asset Management raised its position in shares of Greenbrier Companies by 9.1% during the 1st quarter. LSV Asset Management now owns 595,064 shares of the transportation company's stock worth $30,479,000 after buying an additional 49,879 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Greenbrier Companies by 2.0% during the 4th quarter. Ameriprise Financial Inc. now owns 536,381 shares of the transportation company's stock worth $32,714,000 after buying an additional 10,521 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Greenbrier Companies by 4.5% during the 1st quarter. Victory Capital Management Inc. now owns 525,908 shares of the transportation company's stock worth $26,937,000 after buying an additional 22,838 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

Insider Activity

In other Greenbrier Companies news, Director Thomas B. Fargo sold 3,727 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total transaction of $204,873.19. Following the sale, the director owned 2,141 shares of the company's stock, valued at $117,690.77. This represents a 63.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wanda F. Felton sold 3,652 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $54.31, for a total transaction of $198,340.12. Following the sale, the director directly owned 3,000 shares in the company, valued at approximately $162,930. This represents a 54.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,379 shares of company stock worth $595,213 in the last quarter. 1.78% of the stock is owned by company insiders.

Greenbrier Companies Stock Performance

NYSE:GBX traded down $0.72 during trading hours on Friday, hitting $45.76. 206,642 shares of the company traded hands, compared to its average volume of 436,797. Greenbrier Companies, Inc. has a twelve month low of $37.77 and a twelve month high of $71.06. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 1.30 and a beta of 1.69. The company has a current ratio of 1.48, a quick ratio of 0.82 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $48.07 and a 200 day moving average of $49.62.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its earnings results on Tuesday, July 1st. The transportation company reported $1.86 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $785.72 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Greenbrier Companies, Inc. will post 5.9 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, July 17th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. Greenbrier Companies's dividend payout ratio is presently 18.13%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GBX shares. Susquehanna lifted their price objective on shares of Greenbrier Companies from $52.00 to $57.00 and gave the stock a "positive" rating in a research note on Wednesday, July 2nd. Wall Street Zen cut shares of Greenbrier Companies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th.

Greenbrier Companies Profile

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.