Northpointe Capital LLC boosted its stake in Greenbrier Companies Inc. (NYSE:GBX) by 14.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,158 shares of the company’s stock after buying an additional 1,616 shares during the period. Northpointe Capital LLC’s holdings in Greenbrier Companies were worth $383,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its position in shares of Greenbrier Companies by 236.8% in the first quarter. Prudential Financial Inc. now owns 195,747 shares of the company’s stock valued at $5,410,000 after buying an additional 137,621 shares in the last quarter. Royal Bank of Canada raised its position in shares of Greenbrier Companies by 9.4% in the first quarter. Royal Bank of Canada now owns 1,510,952 shares of the company’s stock valued at $41,762,000 after buying an additional 129,483 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Greenbrier Companies during the first quarter valued at $3,549,000. JPMorgan Chase & Co. raised its position in shares of Greenbrier Companies by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 170,628 shares of the company’s stock valued at $4,716,000 after buying an additional 118,290 shares in the last quarter. Finally, First Quadrant L P CA bought a new position in shares of Greenbrier Companies during the second quarter valued at $3,295,000. 94.55% of the stock is currently owned by hedge funds and other institutional investors.
Greenbrier Companies Inc. (NYSE:GBX) traded down 0.25% on Friday, reaching $36.59. 307,603 shares of the company’s stock were exchanged. Greenbrier Companies Inc. has a 12 month low of $19.89 and a 12 month high of $42.04. The firm has a 50-day moving average of $34.38 and a 200-day moving average of $30.71. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 5.46 and a beta of 2.46.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, July 6th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. Greenbrier Companies had a net margin of 7.60% and a return on equity of 23.41%. The business earned $612.90 million during the quarter. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Greenbrier Companies’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, equities analysts expect that Greenbrier Companies Inc. will post $5.81 earnings per share for the current year.
Several research analysts have weighed in on GBX shares. Longbow Research lowered shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a report on Tuesday, September 6th. Wells Fargo & Co. reissued a “hold” rating and set a $31.00 price objective on shares of Greenbrier Companies in a report on Monday, September 19th. Credit Agricole SA started coverage on shares of Greenbrier Companies in a report on Friday, September 30th. They set an “underperform” rating and a $35.00 price objective for the company. Finally, Cowen and Company decreased their price objective on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.13.
In related news, EVP James T. Sharp sold 3,000 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,487 shares in the company, valued at approximately $104,610. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark J. Rittenbaum sold 6,250 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $34.75, for a total transaction of $217,187.50. Following the transaction, the executive vice president now owns 89,107 shares of the company’s stock, valued at $3,096,468.25. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.
About Greenbrier Companies
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.
Want to see what other hedge funds are holding GBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenbrier Companies Inc. (NYSE:GBX).
Receive News & Ratings for Greenbrier Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.