Tdam USA Inc. decreased its stake in Genesee & Wyoming Inc. (NYSE:GWR) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 17,124 shares of the company’s stock after selling 278 shares during the period. Tdam USA Inc.’s holdings in Genesee & Wyoming were worth $1,181,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Creative Planning boosted its stake in shares of 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 during the period. LS Investment Advisors LLC boosted its stake in shares of Genesee & Wyoming by 72.1% in the second quarter. LS Investment Advisors LLC now owns 3,524 shares of the company’s stock valued at $208,000 after buying an additional 1,476 shares during the period. FCA Corp TX acquired a new stake in shares of Genesee & Wyoming during the second quarter valued at approximately $221,000. Gilman Hill Asset Management LLC acquired a new stake in shares of Genesee & Wyoming during the third quarter valued at approximately $232,000. Finally, Barclays PLC boosted its stake in shares of Genesee & Wyoming by 11.9% in the second quarter. Barclays PLC now owns 3,930 shares of the company’s stock valued at $233,000 after buying an additional 419 shares during the period. 99.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Genesee & Wyoming Inc. (NYSE:GWR) traded up 0.60% on Friday, reaching $76.96. 154,316 shares of the company were exchanged. The company’s 50 day moving average is $69.87 and its 200 day moving average is $65.20. The firm has a market capitalization of $4.47 billion, a PE ratio of 20.53 and a beta of 1.51. Genesee & Wyoming Inc. has a 12-month low of $41.56 and a 12-month high of $77.81.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The business earned $501 million during the quarter, compared to analysts’ expectations of $504.38 million. Genesee & Wyoming had a net margin of 10.86% and a return on equity of 7.58%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the company posted $1.09 earnings per share. Analysts forecast that Genesee & Wyoming Inc. will post $3.53 earnings per share for the current year.
A number of brokerages have recently issued reports on GWR. Cowen and Company reaffirmed an “outperform” rating and issued a $77.00 target price (up from $73.00) on shares of Genesee & Wyoming in a report on Friday, October 21st. Zacks Investment Research cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Deutsche Bank AG began coverage on shares of Genesee & Wyoming in a report on Wednesday, November 2nd. They issued a “hold” rating and a $70.00 target price on the stock. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Genesee & Wyoming in a report on Tuesday, August 16th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Genesee & Wyoming presently has a consensus rating of “Hold” and an average price target of $69.25.
In other Genesee & Wyoming news, insider John C. Hellmann sold 11,317 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $76.18, for a total value of $862,129.06. Following the completion of the sale, the insider now directly owns 361,611 shares in the company, valued at $27,547,525.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by company insiders.
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.