Genesee & Wyoming Inc. (GWR) Shares Gap Up to $65.75
Genesee & Wyoming Inc. (NYSE:GWR) gapped up prior to trading on Thursday . The stock had previously closed at $65.62, but opened at $65.75. Genesee & Wyoming shares last traded at $67.58, with a volume of 130,343 shares changing hands.
GWR has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Cowen and Company raised their price objective on shares of Genesee & Wyoming from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, April 29th. Stifel Nicolaus lowered shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Thursday, May 5th. Credit Suisse Group AG restated a “buy” rating and issued a $73.00 price objective (up from $70.00) on shares of Genesee & Wyoming in a report on Tuesday. Finally, Royal Bank Of Canada raised their price objective on shares of Genesee & Wyoming from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Friday, April 29th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Genesee & Wyoming currently has an average rating of “Hold” and a consensus target price of $70.36.
The firm’s 50 day moving average is $63.59 and its 200 day moving average is $60.85. The stock has a market cap of $3.92 billion and a price-to-earnings ratio of 17.60.
Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Monday, August 1st. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.15. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm had revenue of $501.40 million for the quarter, compared to analyst estimates of $490.50 million. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts expect that Genesee & Wyoming Inc. will post $3.56 EPS for the current year.
In other news, General Counsel Allison M. Fergus sold 2,271 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $64.69, for a total transaction of $146,910.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Timothy J. Gallagher sold 4,600 shares of the business’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $64.55, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now directly owns 54,847 shares in the company, valued at $3,540,373.85. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board boosted its position in Genesee & Wyoming by 3.9% in the fourth quarter. State of Wisconsin Investment Board now owns 41,190 shares of the company’s stock worth $2,211,000 after buying an additional 1,550 shares during the last quarter. Royce & Associates LLC boosted its stake in Genesee & Wyoming by 36.3% in the fourth quarter. Royce & Associates LLC now owns 74,400 shares of the company’s stock valued at $3,995,000 after buying an additional 19,814 shares in the last quarter. Marshall Wace LLP bought a new stake in Genesee & Wyoming during the fourth quarter valued at about $1,257,000. I.G. Investment Management LTD. boosted its stake in Genesee & Wyoming by 8.5% in the fourth quarter. I.G. Investment Management LTD. now owns 39,603 shares of the company’s stock valued at $2,126,000 after buying an additional 3,115 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Genesee & Wyoming by 4.1% in the fourth quarter. American International Group Inc. now owns 111,205 shares of the company’s stock valued at $5,970,000 after buying an additional 4,333 shares in the last quarter.
Genesee & Wyoming Inc owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern.
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