VELA Investment Management LLC Acquires 14,512 Shares of Greenbrier Companies, Inc. (The) $GBX

Key Points

• VELA Investment Management LLC increased its holdings in Greenbrier Companies by 21.7% during the 2nd quarter, acquiring an additional 14,512 shares to total 81,364 shares.
• Other hedge funds have also significantly increased their stakes in Greenbrier Companies, with Values First Advisors raising its holdings by 218.2% in the same quarter.
• Greenbrier Companies reported a $0.05 EPS and a net margin of 6.48% in its latest quarterly earnings, with total revenue of $766.50 million.

VELA Investment Management LLC raised its holdings in Greenbrier Companies, Inc. (The) (NYSE:GBX - Free Report) by 21.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,364 shares of the transportation company's stock after acquiring an additional 14,512 shares during the quarter. Greenbrier Companies makes up 1.0% of VELA Investment Management LLC's holdings, making the stock its 26th largest holding. VELA Investment Management LLC owned about 0.26% of Greenbrier Companies worth $3,747,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Values First Advisors Inc. lifted its holdings in Greenbrier Companies by 218.2% during the 2nd quarter. Values First Advisors Inc. now owns 13,134 shares of the transportation company's stock valued at $605,000 after buying an additional 9,007 shares in the last quarter. Mengis Capital Management Inc. bought a new stake in Greenbrier Companies during the 2nd quarter valued at about $576,000. State of Alaska Department of Revenue lifted its holdings in Greenbrier Companies by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 18,675 shares of the transportation company's stock valued at $859,000 after buying an additional 1,299 shares in the last quarter. Range Financial Group LLC lifted its holdings in Greenbrier Companies by 28.9% during the 2nd quarter. Range Financial Group LLC now owns 18,748 shares of the transportation company's stock valued at $863,000 after buying an additional 4,207 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Greenbrier Companies by 22.4% during the 1st quarter. Intech Investment Management LLC now owns 33,244 shares of the transportation company's stock valued at $1,703,000 after buying an additional 6,073 shares in the last quarter. Institutional investors own 95.59% of the company's stock.

Greenbrier Companies Trading Down 0.9%

NYSE:GBX opened at $45.48 on Friday. Greenbrier Companies, Inc. has a one year low of $37.77 and a one year high of $71.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.82 and a current ratio of 1.48. The firm has a market cap of $1.40 billion, a P/E ratio of 6.44, a P/E/G ratio of 1.53 and a beta of 1.76. The firm has a 50-day simple moving average of $46.10 and a 200-day simple moving average of $46.14.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 31st. The transportation company reported $0.05 EPS for the quarter. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.56%. The business had revenue of $766.50 million during the quarter. Equities analysts anticipate that Greenbrier Companies, Inc. will post 5.9 EPS for the current fiscal year.

Insider Activity

In other news, Director James R. Huffines acquired 2,500 shares of the business's stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $44.84 per share, with a total value of $112,100.00. Following the transaction, the director directly owned 13,909 shares in the company, valued at approximately $623,679.56. This represents a 21.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GBX. Susquehanna lifted 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. Weiss Ratings reiterated a "hold (c+)" rating on shares of Greenbrier Companies in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Greenbrier Companies from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Greenbrier Companies presently has an average rating of "Hold" and an average target price of $59.50.

About Greenbrier Companies

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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