Millennium Management LLC Acquires 535,843 Shares of Greenbrier Companies, Inc. (The) $GBX

Key Points

• Millennium Management LLC increased its stake in Greenbrier Companies by 260.2%, acquiring 535,843 additional shares, bringing its total to 741,760 shares valued at approximately $37.99 million.
• Several institutional investors, including The Manufacturers Life Insurance Company and Northern Trust Corp, have also enhanced their positions in Greenbrier Companies during the past quarter.
• Greenbrier Companies reported earnings of $1.86 per share in its latest quarter, significantly exceeding analysts' estimates of $0.99 and showcasing a 2.7% year-over-year rise in quarterly revenue.

Millennium Management LLC grew its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 260.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 741,760 shares of the transportation company's stock after purchasing an additional 535,843 shares during the quarter. Millennium Management LLC owned about 2.36% of Greenbrier Companies worth $37,993,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Greenbrier Companies in the 1st quarter valued at $586,000. New York State Teachers Retirement System lifted its stake in shares of Greenbrier Companies by 27.2% in the 1st quarter. New York State Teachers Retirement System now owns 13,848 shares of the transportation company's stock valued at $709,000 after purchasing an additional 2,960 shares during the period. Northern Trust Corp lifted its stake in shares of Greenbrier Companies by 20.5% in the 4th quarter. Northern Trust Corp now owns 389,406 shares of the transportation company's stock valued at $23,750,000 after purchasing an additional 66,185 shares during the period. GAMMA Investing LLC lifted its stake in shares of Greenbrier Companies by 6,100.3% in the 1st quarter. GAMMA Investing LLC now owns 38,876 shares of the transportation company's stock valued at $1,991,000 after purchasing an additional 38,249 shares during the period. Finally, NBC Securities Inc. lifted its stake 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 valued at $55,000 after purchasing an additional 1,087 shares during the period. Institutional investors and hedge funds own 95.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. 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 research report on Wednesday, July 2nd. 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. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.50.

Greenbrier Companies Stock Down 2.1%

GBX stock traded down $0.97 during trading hours on Friday, reaching $46.22. 226,678 shares of the stock were exchanged, compared to its average volume of 245,248. The firm's 50-day moving average is $47.68 and its 200-day moving average is $47.57. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 1.57 and a beta of 1.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.48 and a quick ratio of 0.82. Greenbrier Companies, Inc. has a 12 month low of $37.77 and a 12 month high of $71.06.

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

Greenbrier Companies Dividend Announcement

The business also recently disclosed 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 was Thursday, July 17th. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. Greenbrier Companies's dividend payout ratio (DPR) is presently 18.13%.

Insider Buying and Selling

In other news, Director Wanda F. Felton sold 3,652 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was 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 in the company, valued at $162,930. This trade represents a 54.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas B. Fargo sold 3,727 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $54.97, for a total value of $204,873.19. Following the completion of the transaction, the director owned 2,141 shares of the company's stock, valued at $117,690.77. The trade was a 63.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,379 shares of company stock worth $595,213 over the last 90 days. 1.78% of the stock is currently owned by insiders.

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.