Credit Suisse AG Has $221.42 Million Holdings in Genesee & Wyoming Inc (GWR)

Credit Suisse AG boosted its position in shares of Genesee & Wyoming Inc (NYSE:GWR) by 3,932.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,433,395 shares of the transportation company’s stock after acquiring an additional 2,373,043 shares during the period. Credit Suisse AG owned about 4.05% of Genesee & Wyoming worth $221,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Genesee & Wyoming by 8.1% during the 2nd quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock worth $55,919,000 after acquiring an additional 51,438 shares in the last quarter. Golden Gate Private Equity Inc. purchased a new stake in shares of Genesee & Wyoming during the 2nd quarter worth approximately $3,806,000. Northern Trust Corp lifted its position in shares of Genesee & Wyoming by 12.1% during the 2nd quarter. Northern Trust Corp now owns 539,330 shares of the transportation company’s stock worth $43,858,000 after buying an additional 58,230 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Genesee & Wyoming by 5.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 323,930 shares of the transportation company’s stock worth $26,342,000 after buying an additional 16,646 shares during the last quarter. Finally, Mackay Shields LLC purchased a new stake in shares of Genesee & Wyoming during the 2nd quarter worth approximately $6,624,000. Institutional investors own 91.15% of the company’s stock.

In related news, COO David A. Brown sold 3,429 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $87.98, for a total value of $301,683.42. Following the completion of the sale, the chief operating officer now owns 33,938 shares in the company, valued at approximately $2,985,865.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher F. Liucci sold 1,137 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $89.25, for a total transaction of $101,477.25. Following the completion of the sale, the insider now owns 19,326 shares of the company’s stock, valued at approximately $1,724,845.50. The disclosure for this sale can be found here. 2.41% of the stock is owned by corporate insiders.

GWR has been the subject of several recent analyst reports. Stifel Nicolaus set a $96.00 price objective on shares of Genesee & Wyoming and gave the stock a “buy” rating in a research report on Monday, July 30th. Citigroup boosted their price objective on shares of Genesee & Wyoming from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. ValuEngine upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Monday, August 6th. Finally, Cowen restated a “buy” rating and set a $92.00 price objective on shares of Genesee & Wyoming in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.70.

GWR stock opened at $79.40 on Friday. Genesee & Wyoming Inc has a 12 month low of $67.61 and a 12 month high of $92.91. The firm has a market capitalization of $4.68 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.17 and a beta of 1.71. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.61.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. The firm had revenue of $603.30 million during the quarter, compared to the consensus estimate of $594.40 million. During the same quarter in the prior year, the firm earned $0.81 EPS. Genesee & Wyoming’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Genesee & Wyoming Inc will post 3.84 earnings per share for the current fiscal year.

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Genesee & Wyoming Profile

Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

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Institutional Ownership by Quarter for Genesee & Wyoming (NYSE:GWR)

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