UBS Group AG cut its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 11.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 63,916 shares of the company’s stock after selling 8,032 shares during the period. UBS Group AG owned approximately 0.11% of Genesee & Wyoming worth $4,407,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in shares of Genesee & Wyoming by 612.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,511 shares of the company’s stock valued at $105,000 after buying an additional 1,299 shares during the last quarter. Creative Planning boosted its position in shares of Genesee & Wyoming by 135.9% in the third quarter. Creative Planning now owns 2,359 shares of the company’s stock valued at $163,000 after buying an additional 1,359 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Genesee & Wyoming by 71.7% in the third quarter. Advisor Group Inc. now owns 2,668 shares of the company’s stock valued at $184,000 after buying an additional 1,114 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new position in shares of Genesee & Wyoming during the third quarter valued at approximately $232,000. Finally, World Asset Management Inc acquired a new position in shares of Genesee & Wyoming during the third quarter valued at approximately $256,000. Institutional investors own 98.34% of the company’s stock.
Genesee & Wyoming Inc (NYSE:GWR) traded up 1.28% during trading on Friday, reaching $74.19. 797,692 shares of the company were exchanged. The firm’s 50 day moving average price is $73.30 and its 200-day moving average price is $70.19. Genesee & Wyoming Inc has a one year low of $52.21 and a one year high of $80.73. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 19.79 and a beta of 1.57.
Genesee & Wyoming (NYSE:GWR) last announced its earnings results on Wednesday, February 8th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.10. The firm earned $516.50 million during the quarter, compared to analysts’ expectations of $489.35 million. Genesee & Wyoming had a return on equity of 7.45% and a net margin of 7.05%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities research analysts predict that Genesee & Wyoming Inc will post $3.35 earnings per share for the current year.
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Several analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 price target on shares of Genesee & Wyoming in a research report on Thursday. Cowen and Company upped their price target on shares of Genesee & Wyoming from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank AG assumed coverage on shares of Genesee & Wyoming in a research report on Wednesday, November 2nd. They set a “hold” rating and a $70.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Monday, October 17th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Genesee & Wyoming presently has a consensus rating of “Hold” and an average target price of $69.20.
In other Genesee & Wyoming news, insider John C. Hellmann sold 11,317 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $76.18, for a total value of $862,129.06. Following the completion of the sale, the insider now directly owns 361,611 shares in the company, valued at approximately $27,547,525.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mortimer B. Fuller III sold 28,000 shares of the company’s stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $71.44, for a total value of $2,000,320.00. Following the completion of the sale, the director now owns 53,677 shares of the company’s stock, valued at $3,834,684.88. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern.
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