Cubist Systematic Strategies LLC Purchases New Stake in Greenbrier Companies, Inc. (The) (GBX)

Cubist Systematic Strategies LLC acquired a new stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,200 shares of the transportation company’s stock, valued at approximately $703,000. Cubist Systematic Strategies LLC owned approximately 0.05% of Greenbrier Companies, Inc. (The) as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LSV Asset Management raised its stake in shares of Greenbrier Companies, Inc. (The) by 261.9% during the second quarter. LSV Asset Management now owns 289,900 shares of the transportation company’s stock valued at $13,407,000 after purchasing an additional 209,800 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Greenbrier Companies, Inc. (The) by 2.8% during the second quarter. Alps Advisors Inc. now owns 13,858 shares of the transportation company’s stock valued at $641,000 after purchasing an additional 377 shares in the last quarter. Dalton Greiner Hartman Maher & Co. bought a new stake in shares of Greenbrier Companies, Inc. (The) during the second quarter valued at about $16,001,000. Meridian Wealth Management LLC bought a new stake in shares of Greenbrier Companies, Inc. (The) during the second quarter valued at about $283,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Greenbrier Companies, Inc. (The) by 33.2% during the second quarter. BNP Paribas Arbitrage SA now owns 14,487 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 3,612 shares in the last quarter.

GBX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, August 29th. ValuEngine upgraded shares of Greenbrier Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $60.00 price objective (up from $51.00) on shares of Greenbrier Companies, Inc. (The) in a research note on Thursday, October 5th. BidaskClub cut shares of Greenbrier Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a research report on Monday, July 17th. Finally, Cowen and Company reiterated a “buy” rating and issued a $57.00 price target on shares of Greenbrier Companies, Inc. (The) in a research report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $53.57.

Shares of Greenbrier Companies, Inc. (NYSE:GBX) traded down 0.90% during midday trading on Friday, reaching $49.60. 725,080 shares of the company’s stock traded hands. The firm has a market capitalization of $1.41 billion, a P/E ratio of 12.51 and a beta of 1.91. Greenbrier Companies, Inc. has a 52-week low of $28.95 and a 52-week high of $52.45. The stock’s 50 day moving average price is $47.40 and its 200 day moving average price is $45.67.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.23. Greenbrier Companies, Inc. (The) had a return on equity of 11.74% and a net margin of 5.85%. The business had revenue of $611.40 million for the quarter, compared to analyst estimates of $647.98 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Greenbrier Companies, Inc. will post $3.69 EPS for the current fiscal year.

In other Greenbrier Companies, Inc. (The) news, CFO Lorie Tekorius sold 4,740 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $48.00, for a total value of $227,520.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Anne Manning sold 6,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $46.55, for a total value of $279,300.00. Following the completion of the transaction, the vice president now directly owns 11,939 shares in the company, valued at approximately $555,760.45. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/28/15200-shares-in-greenbrier-companies-inc-the-gbx-purchased-by-cubist-systematic-strategies-llc.html.

About Greenbrier Companies, Inc. (The)

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Institutional Ownership by Quarter for Greenbrier Companies, Inc. (The) (NYSE:GBX)

Receive News & Ratings for Greenbrier Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply