First National Bank of Omaha held its stake in shares of Genesee & Wyoming, Inc. (NYSE:GWR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,867 shares of the transportation company’s stock at the end of the second quarter. First National Bank of Omaha’s holdings in Genesee & Wyoming were worth $1,473,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Genesee & Wyoming by 21.1% in the first quarter. FMR LLC now owns 6,673,222 shares of the transportation company’s stock worth $452,845,000 after buying an additional 1,160,510 shares in the last quarter. BlackRock Inc. raised its position in Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock worth $341,280,000 after buying an additional 4,972,702 shares during the last quarter. Vanguard Group Inc. raised its position in Genesee & Wyoming by 4.5% in the first quarter. Vanguard Group Inc. now owns 4,794,375 shares of the transportation company’s stock worth $325,346,000 after buying an additional 207,798 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Genesee & Wyoming by 9.3% in the first quarter. TimesSquare Capital Management LLC now owns 1,687,200 shares of the transportation company’s stock worth $114,493,000 after buying an additional 143,000 shares during the last quarter. Finally, State Street Corp raised its position in Genesee & Wyoming by 2.7% in the first quarter. State Street Corp now owns 1,632,400 shares of the transportation company’s stock worth $110,771,000 after buying an additional 42,256 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
Genesee & Wyoming, Inc. (NYSE GWR) traded down 0.21% during midday trading on Monday, reaching $65.03. The company had a trading volume of 203,797 shares. Genesee & Wyoming, Inc. has a 52-week low of $61.44 and a 52-week high of $80.73. The company has a market cap of $4.05 billion, a PE ratio of 27.59 and a beta of 1.73. The company’s 50-day moving average is $67.30 and its 200 day moving average is $68.86.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.12. Genesee & Wyoming had a net margin of 6.89% and a return on equity of 6.61%. The company had revenue of $519.10 million during the quarter, compared to the consensus estimate of $516.98 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Genesee & Wyoming, Inc. will post $3.00 EPS for the current year.
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A number of research analysts recently issued reports on GWR shares. Zacks Investment Research raised Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a report on Thursday, May 4th. Bank of America Corporation raised Genesee & Wyoming from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.21 to $76.00 in a research note on Wednesday, April 19th. BidaskClub raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reissued a “hold” rating on shares of Genesee & Wyoming in a research note on Tuesday, April 11th. Finally, Cowen and Company lowered their target price on Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Genesee & Wyoming currently has an average rating of “Hold” and an average target price of $75.67.
In other news, EVP Matthew O. Walsh sold 4,042 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $66.63, for a total value of $269,318.46. Following the completion of the sale, the executive vice president now directly owns 105,872 shares of the company’s stock, valued at $7,054,251.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher F. Liucci sold 1,677 shares of Genesee & Wyoming 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 sale, the insider now directly owns 23,258 shares of the company’s stock, valued at $1,499,675.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,407 shares of company stock valued at $554,349. Insiders own 3.80% of the company’s stock.
About Genesee & Wyoming
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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