Sei Investments Co. cut its position in Genesee & Wyoming, Inc. (NYSE:GWR) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,905 shares of the transportation company’s stock after selling 7,732 shares during the period. Sei Investments Co.’s holdings in Genesee & Wyoming were worth $12,304,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position in Genesee & Wyoming by 8.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,546 shares of the transportation company’s stock worth $105,000 after buying an additional 120 shares during the period. Neuburgh Advisers LLC boosted its position in Genesee & Wyoming by 15.2% in the first quarter. Neuburgh Advisers LLC now owns 1,696 shares of the transportation company’s stock worth $115,000 after buying an additional 224 shares during the period. Creative Planning boosted its position in Genesee & Wyoming by 8.7% in the first quarter. Creative Planning now owns 2,262 shares of the transportation company’s stock worth $153,000 after buying an additional 181 shares during the period. Glen Harbor Capital Management LLC boosted its position in Genesee & Wyoming by 15.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,332 shares of the transportation company’s stock worth $158,000 after buying an additional 308 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Genesee & Wyoming by 34.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the transportation company’s stock worth $166,000 after buying an additional 631 shares during the period. 95.89% of the stock is owned by hedge funds and other institutional investors.
Genesee & Wyoming, Inc. (GWR) opened at 67.20 on Wednesday. Genesee & Wyoming, Inc. has a 1-year low of $61.44 and a 1-year high of $80.73. The firm has a market cap of $4.14 billion, a P/E ratio of 29.45 and a beta of 1.71. The stock has a 50 day moving average price of $67.22 and a 200 day moving average price of $68.66.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The company had revenue of $540.43 million during the quarter, compared to the consensus estimate of $539.59 million. Genesee & Wyoming had a return on equity of 6.32% and a net margin of 6.64%. Genesee & Wyoming’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, analysts anticipate that Genesee & Wyoming, Inc. will post $3.00 EPS for the current year.
A number of research firms have recently commented on GWR. Zacks Investment Research cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and issued a $75.00 target price on shares of Genesee & Wyoming in a report on Tuesday, July 11th. BidaskClub cut shares of Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Morgan Stanley reissued an “equal weight” rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. Finally, Bank of America Corporation raised shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their target price for the stock 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, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $75.67.
In related news, General Counsel Allison M. Fergus sold 2,688 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $65.81, for a total value of $176,897.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher F. Liucci sold 1,677 shares of the business’s 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 completion of the sale, the insider now owns 23,258 shares of the company’s stock, 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 valued at $554,349 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.
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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