Jupiter Topco LLC Acquires New Holdings in Greenbrier Companies, Inc. (The) $GBX

Jupiter Topco LLC bought a new position in Greenbrier Companies, Inc. (The) (NYSE:GBX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,296 shares of the transportation company’s stock, valued at approximately $701,000.

Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank boosted its stake in Greenbrier Companies by 254.6% in the fourth quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock valued at $86,900,000 after acquiring an additional 1,334,891 shares in the last quarter. Atlas FRM LLC acquired a new position in shares of Greenbrier Companies during the second quarter worth $38,599,688. Donald Smith & CO. Inc. purchased a new stake in shares of Greenbrier Companies during the 2nd quarter valued at $31,987,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Greenbrier Companies during the 1st quarter valued at $20,312,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Greenbrier Companies by 98.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company’s stock worth $35,658,000 after purchasing an additional 379,314 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GBX. Susquehanna lowered Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Thursday, July 2nd. Wall Street Zen upgraded Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded shares of Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $45.00.

Greenbrier Companies Stock Performance

Shares of GBX stock opened at $43.19 on Monday. Greenbrier Companies, Inc. has a fifty-two week low of $38.23 and a fifty-two week high of $59.19. The firm has a market capitalization of $1.34 billion, a PE ratio of 12.82 and a beta of 1.42. The stock’s 50-day simple moving average is $47.51 and its 200-day simple moving average is $49.76.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, July 1st. The transportation company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $576.50 million during the quarter, compared to the consensus estimate of $612.69 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company’s revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. Sell-side analysts forecast that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 6th. Shareholders of record on Thursday, July 16th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, July 16th. Greenbrier Companies’s payout ratio is presently 40.36%.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.