Greenbrier Companies, Inc. (The) $GBX Shares Newly Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 80,146 Greenbrier shares in the second quarter, valued at approximately $3.93 million, giving it a 0.26% stake. Institutional investors and hedge funds collectively own 95.59% of GBX.
• Analyst sentiment remains cautious: three analysts rate the stock “Hold” and one rates it “Sell,” resulting in a consensus “Reduce” rating and an average price target of $45.
• Greenbrier beat quarterly EPS expectations, reporting $0.60 versus $0.57 forecast, but revenue fell 31.6% year over year to $576.5 million, below the $612.69 million consensus estimate.

Bank of America Corp DE bought a new stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 80,146 shares of the transportation company's stock, valued at approximately $3,928,000. Bank of America Corp DE owned about 0.26% of Greenbrier Companies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tiptree Advisors LLC purchased a new position in Greenbrier Companies in the second quarter valued at $2,534,000. Freestone Grove Partners LP acquired a new position in shares of Greenbrier Companies in the second quarter worth about $1,652,000. Jupiter Topco LLC purchased a new stake in shares of Greenbrier Companies during the 2nd quarter worth about $701,000. PDT Partners LLC purchased a new stake in shares of Greenbrier Companies during the 2nd quarter worth about $235,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Greenbrier Companies during the 2nd quarter valued at about $304,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on GBX shares. Zacks Research upgraded Greenbrier Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. Wall Street Zen upgraded Greenbrier Companies from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings downgraded Greenbrier Companies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 1st. Finally, Susquehanna lowered Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 target price on the stock. in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $45.00.

Greenbrier Companies Price Performance

GBX stock opened at $42.04 on Tuesday. The business has a 50 day simple moving average of $45.75 and a 200-day simple moving average of $48.15. The firm has a market capitalization of $1.30 billion, a PE ratio of 12.47 and a beta of 1.42. Greenbrier Companies, Inc. has a 1 year low of $38.23 and a 1 year high of $59.19.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $576.50 million during the quarter, compared to analysts' expectations of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The business's revenue for the quarter was down 31.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. On average, equities research analysts expect that Greenbrier Companies, Inc. will post 3.1 EPS for the current year.

About Greenbrier Companies

The Greenbrier Companies, Inc is a global manufacturer and provider of transportation equipment and services, specializing in freight railcars. The company designs and builds a broad range of railcars, including covered hopper cars, tank cars, boxcars, gondolas, intermodal platforms and automotive carriers.

Greenbrier also provides railcar leasing, fleet management and maintenance services. Its offerings include railcar refurbishment, repair, parts and logistics solutions designed to support railroads, shippers, leasing companies and other participants in the freight transportation industry.

Founded in 1974, Greenbrier serves customers primarily in North America, as well as selected international markets, including Europe and Brazil.

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