White Brook Capital Believes Greenbrier (GBX) is Attractively Valued

White Brook Capital Partners, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. White Brook Capital Partners maintains its outperformance against the S&P Midcap 400 year to date, boasting a 6.49% increase compared to the index’s 4.28% gain. However, it falls short of the S&P 500’s impressive gain of 12.85%. Take a moment to review the fund’s top 5 holdings to gain insights into their primary investment choices for 2023.

In its Q3 2023 investor letter, White Brook Capital mentioned The Greenbrier Companies, Inc. (NYSE:GBX) and explained its insights for the company. The Greenbrier Companies, Inc. (NYSE:GBX) is a Lake Oswego, Oregon-based rail transport company with a $1.2 billion market capitalization. The Greenbrier Companies, Inc. (NYSE:GBX) delivered a 15.15% return since the beginning of the year, while its 12-month returns are up by 8.64%. The stock closed at $38.61 per share on December 08, 2023.

Here is what White Brook Capital has to say about The Greenbrier Companies, Inc. (NYSE:GBX) in its Q3 2023 investor letter:

“Separately, Greenbrier Companies (GBX), announced a $1.9bn backlog in mid-September that positively surprised the industry. It suggests Greenbrier’s manufacturing is filled through 2025, although it’s unclear whether other manufacturers saw similar demand. The stock positively reacted to the news before negatively reacting to increases in the 10-year treasury, which, ironically, ultimately helps them and their growing leasing operations. WBCP continues to own the stock and believes it is attractively valued.”

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Our calculations show that The Greenbrier Companies, Inc. (NYSE:GBX) does not belong on our list of the 30 Most Popular Stocks Among Hedge Funds. We also mentioned The Greenbrier Companies, Inc. (NYSE:GBX) in another article. The Greenbrier Companies, Inc. (NYSE:GBX) was in 21 hedge fund portfolios at the end of the second quarter of 2023, compared to 15 funds in the previous quarter. The Greenbrier Companies, Inc. (NYSE:GBX) delivered a -8.14% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q3 2023 page.

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Disclosure: None. This article is originally published at Insider Monkey.