Schwab Charles Investment Management Inc. increased its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 5.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 323,930 shares of the transportation company’s stock after buying an additional 16,646 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Genesee & Wyoming were worth $26,342,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new position in shares of Genesee & Wyoming in the second quarter valued at approximately $16,500,000. Eagle Boston Investment Management Inc. raised its position in shares of Genesee & Wyoming by 4.3% in the second quarter. Eagle Boston Investment Management Inc. now owns 171,952 shares of the transportation company’s stock valued at $13,983,000 after purchasing an additional 7,157 shares during the period. Wedgewood Investors Inc. PA bought a new position in Genesee & Wyoming during the second quarter worth $220,000. SG Americas Securities LLC increased its position in Genesee & Wyoming by 86.0% during the second quarter. SG Americas Securities LLC now owns 26,258 shares of the transportation company’s stock worth $2,135,000 after acquiring an additional 12,141 shares during the period. Finally, Strs Ohio bought a new position in Genesee & Wyoming during the second quarter worth $516,000. Institutional investors and hedge funds own 93.49% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $90.00 target price on shares of Genesee & Wyoming in a research report on Saturday, June 2nd. Citigroup boosted their target price on shares of Genesee & Wyoming from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Stephens boosted their target price on shares of Genesee & Wyoming from $85.00 to $90.00 and gave the stock an “in-line” rating in a research report on Thursday, June 14th. Finally, Raymond James boosted their target price on shares of Genesee & Wyoming from $90.00 to $96.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 30th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $89.30.
Shares of GWR stock opened at $88.06 on Friday. Genesee & Wyoming Inc has a 1 year low of $67.61 and a 1 year high of $90.19. The firm has a market cap of $5.29 billion, a P/E ratio of 30.26, a P/E/G ratio of 1.31 and a beta of 1.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.38.
Genesee & Wyoming (NYSE:GWR) last announced its earnings results on Friday, July 27th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The business had revenue of $595.00 million for the quarter, compared to analyst estimates of $592.93 million. Genesee & Wyoming had a net margin of 25.71% and a return on equity of 5.32%. Genesee & Wyoming’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. analysts predict that Genesee & Wyoming Inc will post 3.87 EPS for the current year.
In other Genesee & Wyoming news, General Counsel Allison M. Fergus sold 2,106 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $88.00, for a total value of $185,328.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher F. Liucci sold 1,000 shares of the business’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $83.85, for a total transaction of $83,850.00. Following the completion of the sale, the insider now directly owns 19,189 shares in the company, valued at approximately $1,608,997.65. The disclosure for this sale can be found here. Insiders sold a total of 27,377 shares of company stock worth $2,408,720 in the last three months. Insiders own 2.41% of the company’s stock.
Genesee & Wyoming Profile
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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