Tudor Investment Corp ET AL lowered its stake in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 95.3% during the first quarter, Holdings Channel reports. The firm owned 5,417 shares of the transportation company’s stock after selling 109,854 shares during the period. Tudor Investment Corp ET AL’s holdings in Genesee & Wyoming were worth $368,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its position in Genesee & Wyoming by 303.4% in the first quarter. AQR Capital Management LLC now owns 15,047 shares of the transportation company’s stock valued at $1,021,000 after buying an additional 11,317 shares during the period. BlueCrest Capital Management Ltd increased its position in Genesee & Wyoming by 19.4% in the first quarter. BlueCrest Capital Management Ltd now owns 171,445 shares of the transportation company’s stock valued at $11,634,000 after buying an additional 27,886 shares during the period. Scopus Asset Management L.P. increased its position in Genesee & Wyoming by 61.3% in the first quarter. Scopus Asset Management L.P. now owns 575,258 shares of the transportation company’s stock valued at $39,037,000 after buying an additional 218,533 shares during the period. Highbridge Capital Management LLC increased its position in Genesee & Wyoming by 57.2% in the first quarter. Highbridge Capital Management LLC now owns 198,354 shares of the transportation company’s stock valued at $13,460,000 after buying an additional 72,154 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in Genesee & Wyoming during the first quarter valued at $375,000. Hedge funds and other institutional investors own 96.92% of the company’s stock.
Shares of Genesee & Wyoming, Inc. (NYSE:GWR) opened at 68.50 on Wednesday. Genesee & Wyoming, Inc. has a 12-month low of $61.44 and a 12-month high of $80.73. The company has a 50-day moving average of $67.00 and a 200-day moving average of $69.07. The stock has a market capitalization of $4.27 billion, a P/E ratio of 29.06 and a beta of 1.73.
Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Tuesday, May 2nd. The transportation company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.12. The business had revenue of $519.10 million during the quarter, compared to analyst estimates of $516.98 million. Genesee & Wyoming had a net margin of 6.89% and a return on equity of 6.61%. Genesee & Wyoming’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities analysts expect that Genesee & Wyoming, Inc. will post $3.00 earnings per share for the current fiscal year.
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Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Monday. BidaskClub downgraded shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. Cowen and Company restated a “buy” rating and set a $75.00 target price on shares of Genesee & Wyoming in a report on Tuesday, July 11th. Finally, Bank of America Corporation upgraded shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.21 to $76.00 in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $75.67.
In related news, insider Christopher F. Liucci sold 1,677 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $64.48, for a total value of $108,132.96. Following the transaction, the insider now owns 23,258 shares in the company, valued at $1,499,675.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John C. Hellmann sold 14,825 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $68.49, for a total value of $1,015,364.25. Following the completion of the transaction, the insider now owns 406,229 shares in the company, valued at approximately $27,822,624.21. The disclosure for this sale can be found here. Insiders sold a total of 23,232 shares of company stock worth $1,569,713 in the last quarter. 3.80% of the stock is owned by corporate insiders.
Genesee & Wyoming Company Profile
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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