Gideon Capital Advisors Inc. bought a new stake in Genesee & Wyoming Inc (NYSE:GWR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,995 shares of the transportation company’s stock, valued at approximately $283,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in Genesee & Wyoming by 3.2% in the first quarter. Principal Financial Group Inc. now owns 270,398 shares of the transportation company’s stock valued at $19,141,000 after purchasing an additional 8,427 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Genesee & Wyoming by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 921,491 shares of the transportation company’s stock valued at $65,233,000 after purchasing an additional 3,557 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Genesee & Wyoming in the first quarter valued at about $812,000. GSA Capital Partners LLP boosted its holdings in Genesee & Wyoming by 357.0% in the first quarter. GSA Capital Partners LLP now owns 21,924 shares of the transportation company’s stock valued at $1,552,000 after purchasing an additional 17,127 shares during the last quarter. Finally, Symphony Asset Management LLC boosted its holdings in Genesee & Wyoming by 52.6% in the first quarter. Symphony Asset Management LLC now owns 10,119 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 3,487 shares during the last quarter. 95.72% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $90.00 target price on shares of Genesee & Wyoming in a report on Saturday, June 2nd. Stephens increased their target price on Genesee & Wyoming from $85.00 to $90.00 and gave the stock an “in-line” rating in a report on Thursday, June 14th. Zacks Investment Research raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Credit Suisse Group reduced their target price on Genesee & Wyoming from $83.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, May 2nd. Finally, Morgan Stanley increased their target price on Genesee & Wyoming to $75.00 and gave the stock an “equal weight” rating in a report on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Genesee & Wyoming has an average rating of “Hold” and a consensus target price of $82.89.
Shares of Genesee & Wyoming opened at $82.03 on Friday, according to MarketBeat.com. The company has a market capitalization of $4.95 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.21 and a beta of 1.72. Genesee & Wyoming Inc has a 12-month low of $64.31 and a 12-month high of $84.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.30 and a current ratio of 1.42.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Tuesday, May 1st. The transportation company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.03). The company had revenue of $547.70 million during the quarter, compared to the consensus estimate of $572.60 million. Genesee & Wyoming had a return on equity of 5.29% and a net margin of 26.41%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. research analysts forecast that Genesee & Wyoming Inc will post 3.84 earnings per share for the current year.
In related news, insider Christopher F. Liucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $79.11, for a total value of $79,110.00. Following the sale, the insider now owns 20,189 shares of the company’s stock, valued at approximately $1,597,151.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 2,300 shares of company stock worth $177,230. Company insiders own 2.41% of the company’s stock.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.
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