Credit Agricole S A boosted its stake in Genesee & Wyoming Inc (NYSE:GWR) by 246.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,389 shares of the company’s stock after buying an additional 4,546 shares during the period. Credit Agricole S A’s holdings in Genesee & Wyoming were worth $443,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised 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 in the last quarter. Creative Planning raised 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 in the last quarter. Elkfork Partners LLC purchased a new position in Genesee & Wyoming during the fourth quarter valued at approximately $179,000. Advisor Group Inc. raised 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 in the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new position in Genesee & Wyoming during the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 96.56% of the company’s stock.
Genesee & Wyoming Inc (NYSE:GWR) opened at 68.57 on Tuesday. The company has a 50-day moving average price of $73.38 and a 200-day moving average price of $71.41. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 28.33 and a beta of 1.57. 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 quarterly earnings results on Wednesday, February 8th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The company earned $516.50 million during the quarter, compared to the consensus estimate of $489.35 million. Genesee & Wyoming had a return on equity of 7.45% and a net margin of 7.05%. Genesee & Wyoming’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. On average, equities research analysts forecast that Genesee & Wyoming Inc will post $3.26 earnings per share for the current year.
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Several research firms have recently commented on GWR. Zacks Investment Research lowered Genesee & Wyoming from a “hold” rating to a “strong sell” rating in a research report on Monday, February 13th. Credit Suisse Group AG restated a “buy” rating on shares of Genesee & Wyoming in a research report on Wednesday, February 15th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price target on shares of Genesee & Wyoming in a research report on Thursday, February 9th. Wells Fargo & Co began coverage on Genesee & Wyoming in a research report on Monday, March 13th. They set a “market perform” rating for the company. Finally, Cowen and Company raised their price target on Genesee & Wyoming from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. One investment 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. Genesee & Wyoming presently has a consensus rating of “Hold” and a consensus target price of $73.25.
In other Genesee & Wyoming news, insider John C. Hellmann sold 14,015 shares of the business’s stock in a transaction 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 directly owns 358,460 shares in the company, valued at approximately $26,565,470.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer B. Fuller III sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were 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 of the company’s stock, valued at $1,931,199. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.
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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