Wells Fargo & Company MN reduced its position in shares of Genesee & Wyoming Inc. (NYSE:GWR) by 57.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,575 shares of the company’s stock after selling 301,458 shares during the period. Wells Fargo & Company MN owned 0.39% of Genesee & Wyoming worth $15,692,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Planning increased its position in shares of Genesee & Wyoming by 135.9% in the third quarter. Creative Planning now owns 2,359 shares of the company’s stock worth $163,000 after buying an additional 1,359 shares in the last quarter. Gilman Hill Asset Management LLC bought a new position in shares of Genesee & Wyoming during the third quarter worth about $232,000. LS Investment Advisors LLC increased its position 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 worth $208,000 after buying an additional 1,476 shares in the last quarter. World Asset Management Inc bought a new position in shares of Genesee & Wyoming during the third quarter worth about $256,000. Finally, FCA Corp TX bought a new position in shares of Genesee & Wyoming during the second quarter worth about $221,000. Institutional investors and hedge funds own 99.39% of the company’s stock.
Shares of Genesee & Wyoming Inc. (NYSE:GWR) traded up 0.60% during mid-day trading on Friday, reaching $76.96. The company’s stock had a trading volume of 154,316 shares. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 20.53 and a beta of 1.51. Genesee & Wyoming Inc. has a 52 week low of $41.56 and a 52 week high of $77.81. The company’s 50-day moving average is $70.16 and its 200-day moving average is $65.32.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Genesee & Wyoming had a return on equity of 7.58% and a net margin of 10.86%. The business earned $501 million during the quarter, compared to analyst estimates of $504.38 million. During the same period last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. Equities analysts predict that Genesee & Wyoming Inc. will post $3.53 EPS for the current year.
A number of research analysts have recently issued reports on the company. Cowen and Company cut their price target on Genesee & Wyoming from $77.00 to $72.00 and set an “outperform” rating on the stock in a report on Wednesday, November 2nd. Deutsche Bank AG assumed coverage on Genesee & Wyoming in a report on Wednesday, November 2nd. They issued a “hold” rating and a $70.00 price target on the stock. Zacks Investment Research downgraded Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Genesee & Wyoming in a report on Tuesday, August 16th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $69.25.
In other news, insider John C. Hellmann sold 11,317 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $76.18, for a total transaction of $862,129.06. Following the completion of the transaction, the insider now directly owns 361,611 shares in the company, valued at $27,547,525.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.
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