Quick Win by the Algorithm: Positions Raised On GBX

Quick Win by the Algorithm

On June 13th, 2016, the I Know First algorithm issued a bullish forecast for The Greenbrier Companies Inc. (GBX). GBX had a signal of 532.19 and a predictability of 0.67. As a result, in accordance with the forecast, the company’s stock increased by 71.90% in a year, showing a quick win by the algorithm.

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. It operates in four segments: Manufacturing; Wheels & Parts; Leasing & Services, and GBW Joint Venture. It also produces rail castings and tank heads through unconsolidated joint ventures. It operates an integrated business model in North America that combines freight car manufacturing, wheel services, repair, refurbishment, retrofitting, component parts, leasing and fleet management services. Its customers include railroads, leasing companies, financial institutions, shippers, carriers and transportation companies.


The general consensus for the stock, is a move from a “neutral” rating to a “buy” rating. Furthermore, the company reported its latest earnings per share at $1.09, smashing estimates of $0.84. In addition. estimates for revenue on the quarter for GBX were $566 million, $44 million more than the consensus.

In more news for Greenbrier Companies, promising earnings have led to certain Institutional Investors increasing their position on the stock. One of those investors was The State of Alaska Department of Revenue. Moreover, it raised its position on Greenbrier Companies by 2.6%, giving them total ownership of 3,130 shares, valued at $134,000.  In conclusion, these factors influenced GBX’s stock.

This bullish forecast on GBX was sent to current I Know First subscribers on June 13th, 2016

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.