Genesee & Wyoming Inc (GWR) Position Reduced by Precocity Capital LP
Precocity Capital LP decreased its position in shares of Genesee & Wyoming Inc (NYSE:GWR) by 26.1% during the 4th quarter, HoldingsChannel reports. The firm owned 85,000 shares of the transportation company’s stock after selling 30,000 shares during the quarter. Genesee & Wyoming accounts for 1.4% of Precocity Capital LP’s investment portfolio, making the stock its 29th biggest holding. Precocity Capital LP’s holdings in Genesee & Wyoming were worth $6,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. Centenus Global Management LP bought a new stake in Genesee & Wyoming during the fourth quarter worth approximately $1,594,000. Alliancebernstein L.P. raised its holdings in Genesee & Wyoming by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,248,779 shares of the transportation company’s stock worth $98,316,000 after purchasing an additional 19,171 shares in the last quarter. Landscape Capital Management L.L.C. raised its holdings in Genesee & Wyoming by 46.3% during the fourth quarter. Landscape Capital Management L.L.C. now owns 7,442 shares of the transportation company’s stock worth $586,000 after purchasing an additional 2,355 shares in the last quarter. Geode Capital Management LLC raised its holdings in Genesee & Wyoming by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 517,769 shares of the transportation company’s stock worth $40,763,000 after purchasing an additional 7,765 shares in the last quarter. Finally, Snyder Capital Management L P raised its holdings in Genesee & Wyoming by 24.8% during the fourth quarter. Snyder Capital Management L P now owns 586,146 shares of the transportation company’s stock worth $46,147,000 after purchasing an additional 116,652 shares in the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.
GWR has been the topic of several recent analyst reports. Credit Suisse Group dropped their target price on Genesee & Wyoming from $94.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Zacks Investment Research cut Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Bank of America boosted their target price on Genesee & Wyoming from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Citigroup dropped their price target on Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, TheStreet raised Genesee & Wyoming from a “c+” rating to a “b-” rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $81.83.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The company had revenue of $571.60 million for the quarter, compared to analysts’ expectations of $566.73 million. Genesee & Wyoming had a return on equity of 5.23% and a net margin of 24.87%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. equities research analysts forecast that Genesee & Wyoming Inc will post 3.83 EPS for the current fiscal year.
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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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