Peregrine Capital Management LLC increased its stake in Genesee & Wyoming, Inc. (NYSE:GWR) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 388,434 shares of the transportation company’s stock after purchasing an additional 13,189 shares during the period. Peregrine Capital Management LLC owned approximately 0.63% of Genesee & Wyoming worth $28,748,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of GWR. Global X Management Co. LLC grew its position in Genesee & Wyoming by 221.8% during the second quarter. Global X Management Co. LLC now owns 1,947 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 1,342 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Genesee & Wyoming by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 210 shares during the last quarter. Quantbot Technologies LP grew its position in Genesee & Wyoming by 38.8% during the second quarter. Quantbot Technologies LP now owns 3,813 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 1,065 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Genesee & Wyoming by 2.4% during the second quarter. World Asset Management Inc now owns 3,881 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 91 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in shares of Genesee & Wyoming by 60.1% during the second quarter. Riverhead Capital Management LLC now owns 4,163 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 1,563 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.
GWR has been the subject of a number of analyst reports. Zacks Investment Research lowered Genesee & Wyoming from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Cowen and Company reissued a “buy” rating and set a $75.00 price objective on shares of Genesee & Wyoming in a research report on Tuesday, September 12th. Bank of America Corporation raised their target price on Genesee & Wyoming from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $76.00 target price on shares of Genesee & Wyoming in a report on Wednesday, November 1st. Finally, BidaskClub downgraded Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.20.
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In other news, General Counsel Allison M. Fergus sold 2,546 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $66.16, for a total transaction of $168,443.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David A. Brown sold 4,156 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $66.19, for a total value of $275,085.64. Following the transaction, the chief operating officer now directly owns 31,416 shares in the company, valued at approximately $2,079,425.04. The disclosure for this sale can be found here. Insiders have sold 25,858 shares of company stock valued at $1,719,452 in the last three months. Insiders own 3.45% of the company’s stock.
Genesee & Wyoming, Inc. (NYSE:GWR) traded down $1.19 on Tuesday, hitting $72.85. 421,400 shares of the company were exchanged, compared to its average volume of 453,760. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.30. The company has a market capitalization of $4,540.00, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 3.85 and a beta of 1.78. Genesee & Wyoming, Inc. has a twelve month low of $61.44 and a twelve month high of $80.73.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.02). Genesee & Wyoming had a return on equity of 5.80% and a net margin of 6.10%. The company had revenue of $576.90 million during the quarter, compared to the consensus estimate of $573.60 million. During the same quarter last year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. equities analysts anticipate that Genesee & Wyoming, Inc. will post 2.91 earnings per share for the current fiscal year.
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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