Trading Report: The New York State Teachers Retirement System Maintains Position in Genesee & Wyoming Inc. (GWR)

The New York State Teachers Retirement System Maintains Position in Genesee & Wyoming Inc. (GWR)

New York State Teachers Retirement System continued to hold its stake in shares of Genesee & Wyoming Inc. (NYSE:GWR) during the second quarter, Holdings Channel reports. The fund owned 49,993 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Genesee & Wyoming were worth $2,947,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors L.L.C. raised its stake in Genesee & Wyoming by 331.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 19,400 shares of the company’s stock worth $1,216,000 after buying an additional 14,900 shares during the period. Ngam Advisors L.P. raised its stake in Genesee & Wyoming by 8.2% in the first quarter. Ngam Advisors L.P. now owns 52,257 shares of the company’s stock worth $3,277,000 after buying an additional 3,958 shares during the period. TIAA CREF Investment Management LLC raised its stake in Genesee & Wyoming by 86.5% in the first quarter. TIAA CREF Investment Management LLC now owns 305,145 shares of the company’s stock worth $19,133,000 after buying an additional 141,546 shares during the period. Teachers Advisors Inc. raised its stake in Genesee & Wyoming by 67.9% in the first quarter. Teachers Advisors Inc. now owns 72,274 shares of the company’s stock worth $4,532,000 after buying an additional 29,226 shares during the period. Finally, Prudential Financial Inc. raised its stake in Genesee & Wyoming by 68.8% in the first quarter. Prudential Financial Inc. now owns 58,381 shares of the company’s stock worth $3,661,000 after buying an additional 23,800 shares during the period. 98.10% of the stock is currently owned by institutional investors.

Shares of Genesee & Wyoming Inc. (NYSE:GWR) traded down 1.73% during trading on Wednesday, reaching $66.87. 276,689 shares of the company’s stock were exchanged. Genesee & Wyoming Inc. has a 12-month low of $41.56 and a 12-month high of $73.33. The stock has a market cap of $3.88 billion, a P/E ratio of 17.41 and a beta of 1.71. The company has a 50 day moving average of $67.62 and a 200 day moving average of $63.58.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.15. The firm had revenue of $501.40 million for the quarter, compared to analyst estimates of $490.50 million. Genesee & Wyoming had a net margin of 10.94% and a return on equity of 8.07%. Genesee & Wyoming’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Equities research analysts anticipate that Genesee & Wyoming Inc. will post $3.56 EPS for the current year.

GWR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, October 5th. Credit Suisse Group AG reissued a “buy” rating and issued a $73.00 price objective (up from $70.00) on shares of Genesee & Wyoming in a research report on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $71.00.

In related news, General Counsel Allison M. Fergus sold 2,271 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $64.69, for a total transaction of $146,910.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John C. Hellmann sold 12,976 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $69.21, for a total transaction of $898,068.96. Following the transaction, the insider now owns 362,073 shares in the company, valued at $25,059,072.33. The disclosure for this sale can be found here. Corporate 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.

Related posts

Leave a Comment