Genesee & Wyoming Inc. (GWR) Stake Cut by Royce & Associates LP
Royce & Associates LP decreased its stake in Genesee & Wyoming Inc. (NYSE:GWR) by 67.0% during the second quarter, Holdings Channel reports. The fund owned 15,000 shares of the company’s stock after selling 30,400 shares during the period. Royce & Associates LP’s holdings in Genesee & Wyoming were worth $884,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Genesee & Wyoming during the fourth quarter worth $18,860,000. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Genesee & Wyoming by 16.8% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 6,940 shares of the company’s stock worth $435,000 after buying an additional 1,000 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Genesee & Wyoming during the first quarter worth $277,000. Nisa Investment Advisors L.L.C. boosted its stake in shares of Genesee & Wyoming by 331.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 19,400 shares of the company’s stock worth $1,216,000 after buying an additional 14,900 shares in the last quarter. Finally, Ramsey Quantitative Systems boosted its stake in shares of Genesee & Wyoming by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 9,398 shares of the company’s stock worth $589,000 after buying an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.
Shares of Genesee & Wyoming Inc. (NYSE:GWR) traded down 0.76% on Tuesday, reaching $65.06. 238,110 shares of the company were exchanged. The company has a 50-day moving average price of $66.65 and a 200 day moving average price of $62.92. The stock has a market capitalization of $3.78 billion, a PE ratio of 16.94 and a beta of 1.68. Genesee & Wyoming Inc. has a 1-year low of $41.56 and a 1-year high of $73.33.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Monday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.15. The company had revenue of $501.40 million for the quarter, compared to analyst estimates of $490.50 million. Genesee & Wyoming had a net margin of 10.94% and a return on equity of 8.07%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. On average, analysts forecast that Genesee & Wyoming Inc. will post $3.56 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Credit Suisse Group AG reiterated a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Genesee & Wyoming in a research report on Tuesday, August 16th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Tuesday, July 5th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.36.
In other news, General Counsel Allison M. Fergus sold 2,271 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John C. Hellmann sold 12,976 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $69.21, for a total transaction of $898,068.96. Following the transaction, the insider now directly owns 362,073 shares of the company’s stock, valued at approximately $25,059,072.33. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.
Genesee & Wyoming Company Profile
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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