Aperio Group LLC Raises Position in Genesee & Wyoming, Inc. (GWR)
Aperio Group LLC increased its stake in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 23,204 shares of the transportation company’s stock after buying an additional 2,473 shares during the period. Aperio Group LLC’s holdings in Genesee & Wyoming were worth $1,587,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in Genesee & Wyoming during the fourth quarter valued at approximately $259,000. Teachers Advisors LLC increased its position in Genesee & Wyoming by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 59,957 shares of the transportation company’s stock valued at $4,162,000 after buying an additional 3,382 shares during the period. Macquarie Group Ltd. increased its position in Genesee & Wyoming by 127.6% in the fourth quarter. Macquarie Group Ltd. now owns 80,178 shares of the transportation company’s stock valued at $5,566,000 after buying an additional 44,953 shares during the period. Creative Planning increased 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 valued at $153,000 after buying an additional 181 shares during the period. Finally, Capstone Asset Management Co. increased its position in Genesee & Wyoming by 18.1% in the first quarter. Capstone Asset Management Co. now owns 4,833 shares of the transportation company’s stock valued at $328,000 after buying an additional 740 shares during the period. 95.89% of the stock is owned by institutional investors and hedge funds.
Shares of Genesee & Wyoming, Inc. (NYSE GWR) traded up 2.096% during mid-day trading on Friday, hitting $66.475. 245,568 shares of the stock traded hands. The company has a market cap of $4.14 billion, a P/E ratio of 29.130 and a beta of 1.71. The firm has a 50 day moving average of $67.30 and a 200 day moving average of $68.46. Genesee & Wyoming, Inc. has a 12 month low of $61.44 and a 12 month high of $80.73.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $540.43 million for the quarter, compared to the consensus estimate of $539.59 million. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Equities analysts anticipate that Genesee & Wyoming, Inc. will post $3.00 EPS for the current fiscal year.
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Several research analysts have commented on GWR shares. Bank of America Corporation raised shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.21 to $76.00 in a report on Wednesday, April 19th. Cowen and Company decreased their target price on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 4th. BidaskClub upgraded shares of Genesee & Wyoming from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $75.67.
In other news, insider Christopher F. Liucci sold 1,677 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $64.48, for a total value of $108,132.96. Following the sale, the insider now directly owns 23,258 shares of the company’s stock, valued at approximately $1,499,675.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matthew O. Walsh sold 4,042 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $66.63, for a total transaction of $269,318.46. Following the completion of the sale, the executive vice president now directly owns 105,872 shares in the company, valued at $7,054,251.36. The disclosure for this sale can be found here. Insiders sold a total of 8,407 shares of company stock worth $554,349 over 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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