Pentwater Capital Management LP bought a new stake in shares of Genesee & Wyoming Inc (NYSE:GWR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,000 shares of the transportation company’s stock, valued at approximately $2,000,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GWR. JPMorgan Chase & Co. lifted its stake in Genesee & Wyoming by 68.8% in the 1st quarter. JPMorgan Chase & Co. now owns 103,845 shares of the transportation company’s stock worth $9,049,000 after purchasing an additional 42,343 shares in the last quarter. TD Asset Management Inc. grew its stake in Genesee & Wyoming by 25.0% in the 1st quarter. TD Asset Management Inc. now owns 8,000 shares of the transportation company’s stock worth $697,000 after acquiring an additional 1,600 shares in the last quarter. Piedmont Investment Advisors Inc. bought a new position in Genesee & Wyoming in the 1st quarter worth about $211,000. Shell Asset Management Co. bought a new position in Genesee & Wyoming in the 1st quarter worth about $609,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Genesee & Wyoming by 75.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 60,326 shares of the transportation company’s stock worth $5,257,000 after purchasing an additional 25,900 shares during the period. Institutional investors own 91.44% of the company’s stock.
A number of equities research analysts recently commented on GWR shares. Stifel Nicolaus cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a research report on Monday, July 1st. Zacks Investment Research lowered shares of Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 price target on the stock. in a research report on Tuesday, July 2nd. Credit Suisse Group upgraded shares of Genesee & Wyoming from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $112.00 in a research report on Monday, July 1st. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the company a “hold” rating in a research report on Monday, July 1st. Finally, Cowen reissued an “outperform” rating and issued a $112.00 price target (up from $96.00) on shares of Genesee & Wyoming in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $102.81.
GWR stock traded down $0.12 on Friday, hitting $110.48. The company’s stock had a trading volume of 13,056 shares, compared to its average volume of 564,329. The firm has a 50 day moving average of $110.31 and a two-hundred day moving average of $97.83. Genesee & Wyoming Inc has a 1 year low of $68.27 and a 1 year high of $110.99. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 28.70 and a beta of 1.35. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings data on Wednesday, August 7th. The transportation company reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.04). Genesee & Wyoming had a return on equity of 6.41% and a net margin of 9.33%. The firm had revenue of $571.48 million for the quarter, compared to analysts’ expectations of $594.19 million. As a group, equities analysts forecast that Genesee & Wyoming Inc will post 4.35 EPS for the current fiscal year.
Genesee & Wyoming Company 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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