Cubist Systematic Strategies LLC Grows Position in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Cubist Systematic Strategies LLC increased its position in Greenbrier Companies, raising its holdings by 268.6% to own 1.21% of the company valued at approximately $19.4 million.
• Recent broker reports reflect a shift in sentiment, with Wall Street Zen lowering its rating from "strong-buy" to "buy", while Susquehanna raised its price target from $52.00 to $57.00.
• The company reported strong earnings on July 1st, with an EPS of $1.86 that exceeded expectations and a quarterly revenue of $842.7 million, marking a 2.7% year-over-year growth.

Cubist Systematic Strategies LLC raised its holdings in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 268.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,073 shares of the transportation company's stock after buying an additional 276,228 shares during the quarter. Cubist Systematic Strategies LLC owned about 1.21% of Greenbrier Companies worth $19,416,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GBX. Envestnet Asset Management Inc. grew its holdings in shares of Greenbrier Companies by 9.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,516 shares of the transportation company's stock worth $397,000 after buying an additional 548 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Greenbrier Companies by 89.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,252 shares of the transportation company's stock worth $1,112,000 after buying an additional 8,627 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Greenbrier Companies by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,844 shares of the transportation company's stock worth $1,150,000 after buying an additional 2,008 shares in the last quarter. Quarry LP grew its holdings in shares of Greenbrier Companies by 892.7% during the fourth quarter. Quarry LP now owns 407 shares of the transportation company's stock worth $25,000 after buying an additional 366 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Greenbrier Companies by 47.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 22,482 shares of the transportation company's stock valued at $1,371,000 after purchasing an additional 7,239 shares during the period. Hedge funds and other institutional investors own 95.59% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GBX. Wall Street Zen lowered shares of Greenbrier Companies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Susquehanna upped their price objective 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. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.50.

Insider Activity at Greenbrier Companies

In related news, Director James R. Huffines bought 2,500 shares of the firm's stock in a transaction on Friday, August 8th. The shares were bought at an average price of $44.84 per share, with a total value of $112,100.00. Following the completion of the transaction, the director directly owned 13,909 shares of the company's stock, valued at $623,679.56. This represents a 21.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 $162,930. This represents a 54.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,379 shares of company stock worth $595,213. 1.78% of the stock is owned by corporate insiders.

Greenbrier Companies Trading Down 0.7%

NYSE GBX opened at $46.68 on Friday. The firm's 50-day moving average is $48.23 and its two-hundred day moving average is $48.25. Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82. The stock has a market capitalization of $1.44 billion, a P/E ratio of 6.61, a PEG ratio of 1.30 and a beta of 1.69.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its earnings results on Tuesday, July 1st. The transportation company reported $1.86 EPS for the quarter, beating 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 company had revenue of $842.70 million for the quarter, compared to analysts' expectations of $785.72 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. Greenbrier Companies's revenue for the quarter was up 2.7% compared to the same quarter last year. Greenbrier Companies has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. Greenbrier Companies's dividend payout ratio is presently 18.13%.

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.

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