BNP Paribas Arbitrage SA Buys 3,612 Shares of Greenbrier Companies, Inc. (The) (GBX)

BNP Paribas Arbitrage SA increased its stake in shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) by 33.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,487 shares of the transportation company’s stock after buying an additional 3,612 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.05% of Greenbrier Companies, Inc. (The) worth $670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in shares of Greenbrier Companies, Inc. (The) in the first quarter worth $101,000. State of Alaska Department of Revenue grew its stake in shares of Greenbrier Companies, Inc. (The) by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 3,130 shares of the transportation company’s stock worth $134,000 after purchasing an additional 80 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Greenbrier Companies, Inc. (The) in the first quarter worth $202,000. Cim Investment Mangement Inc. bought a new position in shares of Greenbrier Companies, Inc. (The) in the first quarter worth $204,000. Finally, US Bancorp DE grew its stake in shares of Greenbrier Companies, Inc. (The) by 18.5% in the second quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock worth $237,000 after purchasing an additional 800 shares in the last quarter.

Shares of Greenbrier Companies, Inc. (NYSE GBX) opened at 42.30 on Tuesday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 10.67 and a beta of 1.91. Greenbrier Companies, Inc. has a one year low of $28.95 and a one year high of $51.25. The stock has a 50 day moving average price of $44.40 and a 200 day moving average price of $44.53.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last released its quarterly earnings results on Thursday, June 29th. The transportation company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.21. Greenbrier Companies, Inc. (The) had a return on equity of 11.74% and a net margin of 5.85%. The firm had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $516.17 million. During the same period last year, the firm posted $1.12 EPS. The business’s revenue was down 28.3% on a year-over-year basis. On average, equities research analysts forecast that Greenbrier Companies, Inc. will post $3.54 EPS for the current year.

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Several research analysts have recently issued reports on GBX shares. Zacks Investment Research raised Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Tuesday, June 6th. Bank of America Corporation raised Greenbrier Companies, Inc. (The) from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $59.00 in a research note on Tuesday, July 4th. Stifel Nicolaus raised Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and increased their price target for the stock from $48.00 to $51.00 in a research note on Monday, July 17th. Cowen and Company reissued a “buy” rating and issued a $57.00 price target on shares of Greenbrier Companies, Inc. (The) in a research note on Monday, August 28th. Finally, BidaskClub raised Greenbrier Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.88.

In related news, VP Anne Manning sold 6,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $46.55, for a total transaction of $279,300.00. Following the completion of the sale, the vice president now directly owns 11,939 shares of the company’s stock, valued at approximately $555,760.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alejandro Centurion sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $43.30, for a total value of $129,900.00. Following the sale, the executive vice president now directly owns 17,583 shares of the company’s stock, valued at $761,343.90. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $538,350 over the last ninety days. Insiders own 4.60% of the company’s stock.

Greenbrier Companies, Inc. (The) Profile

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)

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