Trexquant Investment LP increased its position in Genesee & Wyoming (NYSE:GWR) by 278.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,778 shares of the transportation company’s stock after buying an additional 14,547 shares during the quarter. Trexquant Investment LP’s holdings in Genesee & Wyoming were worth $1,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Comerica Bank grew its stake in Genesee & Wyoming by 11.3% in the first quarter. Comerica Bank now owns 130,707 shares of the transportation company’s stock worth $9,433,000 after purchasing an additional 13,226 shares during the period. Pettee Investors Inc. boosted its holdings in Genesee & Wyoming by 36.5% in the first quarter. Pettee Investors Inc. now owns 9,247 shares of the transportation company’s stock worth $655,000 after acquiring an additional 2,471 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Genesee & Wyoming by 8.1% in the first quarter. Wedge Capital Management L L P NC now owns 481,913 shares of the transportation company’s stock worth $34,115,000 after acquiring an additional 36,314 shares in the last quarter. D.B. Root & Company LLC bought a new stake in Genesee & Wyoming in the first quarter worth $364,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Genesee & Wyoming by 17.1% during the first quarter. Wells Fargo & Company MN now owns 636,201 shares of the transportation company’s stock valued at $45,037,000 after purchasing an additional 93,059 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on GWR shares. Goldman Sachs started coverage on Genesee & Wyoming in a research report on Tuesday, April 10th. They set a “neutral” rating and a $76.00 price objective for the company. Zacks Investment Research cut Genesee & Wyoming from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th. Morgan Stanley upped their price target on Genesee & Wyoming to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 7th. Credit Suisse Group cut their target price on Genesee & Wyoming from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, May 2nd. Finally, Bank of America cut their target price on Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $80.25.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Tuesday, May 1st. The transportation company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.03). The company had revenue of $547.70 million during the quarter, compared to analysts’ expectations of $572.60 million. Genesee & Wyoming had a net margin of 26.41% and a return on equity of 5.29%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. equities research analysts forecast that Genesee & Wyoming will post 3.83 EPS for the current fiscal year.
In other Genesee & Wyoming news, insider Christopher F. Liucci sold 1,000 shares of Genesee & Wyoming stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $74.72, for a total transaction of $74,720.00. Following the completion of the sale, the insider now owns 21,189 shares of the company’s stock, valued at approximately $1,583,242.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.41% of the stock is owned by company insiders.
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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