Envestnet Asset Management Inc. raised its stake in Genesee & Wyoming Inc (NYSE:GWR) by 19.7% during the fourth quarter, Holdings Channel reports. The fund owned 6,529 shares of the company’s stock after buying an additional 1,076 shares during the period. Envestnet Asset Management Inc.’s holdings in Genesee & Wyoming were worth $454,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Genesee & Wyoming by 612.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,511 shares of the company’s stock valued at $105,000 after buying an additional 1,299 shares during the last quarter. Creative Planning boosted its position in Genesee & Wyoming by 135.9% in the third quarter. Creative Planning now owns 2,359 shares of the company’s stock valued at $163,000 after buying an additional 1,359 shares during the last quarter. Elkfork Partners LLC acquired a new position in Genesee & Wyoming during the fourth quarter valued at about $179,000. Advisor Group Inc. boosted its position in Genesee & Wyoming by 71.7% in the third quarter. Advisor Group Inc. now owns 2,668 shares of the company’s stock valued at $184,000 after buying an additional 1,114 shares during the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new position in Genesee & Wyoming during the third quarter valued at about $232,000. Hedge funds and other institutional investors own 96.56% of the company’s stock.
Shares of Genesee & Wyoming Inc (NYSE:GWR) opened at 68.57 on Tuesday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 28.33 and a beta of 1.57. The firm has a 50-day moving average price of $73.38 and a 200 day moving average price of $71.41. Genesee & Wyoming Inc has a 12-month low of $52.21 and a 12-month high of $80.73.
Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Wednesday, February 8th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.89 by $0.10. The company earned $516.50 million during the quarter, compared to analyst estimates of $489.35 million. Genesee & Wyoming had a return on equity of 7.45% and a net margin of 7.05%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, equities research analysts anticipate that Genesee & Wyoming Inc will post $3.26 earnings per share for the current fiscal year.
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Several research analysts have issued reports on GWR shares. Credit Suisse Group AG reiterated a “buy” rating on shares of Genesee & Wyoming in a research report on Wednesday, February 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $72.00 price objective on shares of Genesee & Wyoming in a research report on Thursday, February 9th. Wells Fargo & Co started coverage on Genesee & Wyoming in a research report on Monday, March 13th. They issued a “market perform” rating for the company. Cowen and Company increased their price objective on Genesee & Wyoming from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Finally, Zacks Investment Research cut Genesee & Wyoming from a “hold” rating to a “strong sell” rating in a research report on Monday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $73.25.
In other news, Director Mortimer B. Fuller III sold 4,000 shares of Genesee & Wyoming stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $74.42, for a total value of $297,680.00. Following the completion of the transaction, the director now owns 25,950 shares in the company, valued at approximately $1,931,199. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John C. Hellmann sold 14,015 shares of Genesee & Wyoming stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $74.11, for a total value of $1,038,651.65. Following the completion of the transaction, the insider now owns 358,460 shares of the company’s stock, valued at approximately $26,565,470.60. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.
Genesee & Wyoming Company Profile
Genesee & Wyoming Inc owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern.
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