Strs Ohio acquired a new stake in shares of Genesee & Wyoming Inc (NYSE:GWR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,354 shares of the transportation company’s stock, valued at approximately $516,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of GWR. Jacobs & Co. CA grew its position in Genesee & Wyoming by 3.0% in the second quarter. Jacobs & Co. CA now owns 25,032 shares of the transportation company’s stock valued at $2,035,000 after acquiring an additional 730 shares in the last quarter. Mason Street Advisors LLC grew its position in Genesee & Wyoming by 2.4% in the first quarter. Mason Street Advisors LLC now owns 31,115 shares of the transportation company’s stock valued at $2,203,000 after acquiring an additional 731 shares in the last quarter. TCW Group Inc. grew its position in Genesee & Wyoming by 3.1% in the first quarter. TCW Group Inc. now owns 24,769 shares of the transportation company’s stock valued at $1,754,000 after acquiring an additional 737 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Genesee & Wyoming by 2.9% during the 1st quarter. Blair William & Co. IL now owns 31,777 shares of the transportation company’s stock valued at $2,249,000 after buying an additional 890 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Genesee & Wyoming by 4.2% during the 1st quarter. M&T Bank Corp now owns 22,260 shares of the transportation company’s stock valued at $1,575,000 after buying an additional 894 shares during the last quarter. 93.37% of the stock is owned by institutional investors.
NYSE:GWR opened at $87.99 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. Genesee & Wyoming Inc has a 52-week low of $67.61 and a 52-week high of $90.19. The stock has a market cap of $5.31 billion, a P/E ratio of 30.24, a PEG ratio of 1.31 and a beta of 1.75.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Friday, July 27th. The transportation company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Genesee & Wyoming had a return on equity of 5.32% and a net margin of 25.71%. The business had revenue of $595.00 million during the quarter, compared to analyst estimates of $592.93 million. During the same quarter last year, the company posted $0.80 EPS. Genesee & Wyoming’s revenue for the quarter was up 10.1% on a year-over-year basis. sell-side analysts anticipate that Genesee & Wyoming Inc will post 3.87 earnings per share for the current fiscal year.
GWR has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $90.00 target price on shares of Genesee & Wyoming in a research note on Saturday, June 2nd. Zacks Investment Research upgraded Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Thursday, July 5th. Finally, Citigroup raised their target price on Genesee & Wyoming from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $89.30.
In other news, insider Christopher F. Liucci sold 1,000 shares of Genesee & Wyoming stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $83.85, for a total transaction of $83,850.00. Following the completion of the sale, the insider now directly owns 19,189 shares in the company, valued at approximately $1,608,997.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher F. Liucci sold 1,137 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $89.25, for a total value of $101,477.25. Following the completion of the transaction, the insider now directly owns 19,326 shares in the company, valued at $1,724,845.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,377 shares of company stock valued at $2,408,720 over the last 90 days. Corporate insiders own 2.41% of the company’s stock.
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.
See Also: Diversification
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