Tower Bridge Advisors Maintains Stake in Genesee & Wyoming, Inc. (NYSE:GWR)

Tower Bridge Advisors continued to hold its position 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 fund owned 5,110 shares of the transportation company’s stock at the end of the second quarter. Tower Bridge Advisors’ holdings in Genesee & Wyoming were worth $349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of 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 period. FMR LLC raised 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. Teachers Advisors LLC raised its stake in shares of Genesee & Wyoming by 586.6% in the first quarter. Teachers Advisors LLC now owns 411,667 shares of the transportation company’s stock worth $27,936,000 after buying an additional 351,710 shares in the last quarter. ACK Asset Management LLC bought a new stake in shares of Genesee & Wyoming during the first quarter worth $21,381,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Genesee & Wyoming by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,600,739 shares of the transportation company’s stock worth $108,626,000 after buying an additional 250,941 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Genesee & Wyoming, Inc. (NYSE:GWR) opened at 65.17 on Monday. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 27.65 and a beta of 1.73. The firm has a 50-day moving average of $67.30 and a 200-day moving average of $68.86. Genesee & Wyoming, Inc. has a 12 month low of $61.44 and a 12 month high of $80.73.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.12. The company had revenue of $519.10 million during the quarter, compared to the consensus estimate of $516.98 million. Genesee & Wyoming had a return on equity of 6.61% and a net margin of 6.89%. Genesee & Wyoming’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. On average, analysts anticipate that Genesee & Wyoming, Inc. will post $3.00 EPS for the current year.

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A number of brokerages have weighed in on GWR. BidaskClub upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, July 17th. Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Cowen and Company restated a “buy” rating and issued a $75.00 target price on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Genesee & Wyoming in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $75.67.

In other news, General Counsel Allison M. Fergus sold 2,688 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $65.81, for a total value of $176,897.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher F. Liucci sold 1,677 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $64.48, for a total transaction of $108,132.96. Following the completion of the transaction, the insider now directly owns 23,258 shares in the company, valued at approximately $1,499,675.84. The disclosure for this sale can be found here. Insiders sold a total of 8,407 shares of company stock worth $554,349 in the last three months. Insiders own 3.80% of the company’s stock.

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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