Squarepoint Ops LLC Has $2.70 Million Holdings in Greenbrier Companies, Inc. (The) $GBX

Key Points

• Squarepoint Ops LLC increased its Greenbrier Companies stake by 424.9% in the second quarter, holding 55,158 shares worth approximately $2.70 million. Institutional investors collectively own 95.59% of GBX.
• Analyst sentiment remains cautious: three analysts rate the stock “Hold” and one rates it “Sell,” resulting in an average “Reduce” rating and a $45 price target.
• Greenbrier’s latest quarterly results beat EPS expectations at $0.60 versus $0.57, but revenue fell 31.6% year over year to $576.5 million. The company maintains a quarterly dividend of $0.34, equivalent to a 3.2% annualized yield.

Squarepoint Ops LLC raised its stake in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 424.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,158 shares of the transportation company's stock after acquiring an additional 44,649 shares during the quarter. Squarepoint Ops LLC owned approximately 0.18% of Greenbrier Companies worth $2,703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in GBX. Gen Wealth Partners Inc purchased a new stake in shares of Greenbrier Companies during the fourth quarter worth $38,000. Meeder Asset Management Inc. bought a new stake in Greenbrier Companies during the second quarter valued at about $50,000. Quarry LP lifted its holdings in Greenbrier Companies by 6,900.0% in the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,104 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Greenbrier Companies during the second quarter worth $62,000. Finally, Tower Research Capital LLC TRC grew its holdings in Greenbrier Companies by 282.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company's stock valued at $140,000 after buying an additional 2,245 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company's stock.

Analyst Upgrades and Downgrades

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

Greenbrier Companies Price Performance

GBX stock opened at $42.97 on Monday. The business has a 50 day simple moving average of $46.97 and a 200-day simple moving average of $49.23. The firm has a market capitalization of $1.33 billion, a PE ratio of 12.75 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 released its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping 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 net margin of 4.07% and a return on equity of 6.49%. Greenbrier Companies's revenue was down 31.6% compared to the same quarter last year. During the same period last year, the business 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.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th were issued a $0.34 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.2%. Greenbrier Companies's dividend payout ratio is presently 40.36%.

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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