Scopus Asset Management L.P. Has $39.04 Million Stake in Genesee & Wyoming, Inc. (GWR)

Scopus Asset Management L.P. boosted its position in Genesee & Wyoming, Inc. (NYSE:GWR) by 61.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 575,258 shares of the transportation company’s stock after buying an additional 218,533 shares during the period. Scopus Asset Management L.P. owned approximately 0.94% of Genesee & Wyoming worth $39,037,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cipher Capital LP increased its stake in shares of Genesee & Wyoming by 24.7% in the fourth quarter. Cipher Capital LP now owns 8,292 shares of the transportation company’s stock worth $576,000 after buying an additional 1,644 shares during the last quarter. State Street Corp increased its stake in shares of Genesee & Wyoming by 5.2% in the fourth quarter. State Street Corp now owns 1,590,144 shares of the transportation company’s stock worth $110,373,000 after buying an additional 78,894 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Genesee & Wyoming by 2.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,615 shares of the transportation company’s stock worth $459,000 after buying an additional 148 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Genesee & Wyoming by 7.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,075 shares of the transportation company’s stock worth $630,000 after buying an additional 608 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Genesee & Wyoming by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,349,798 shares of the transportation company’s stock worth $93,691,000 after buying an additional 83,493 shares during the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Institutional Ownership by Quarter for Genesee & Wyoming (NYSE:GWR)

Genesee & Wyoming, Inc. (GWR) traded up 0.34% during midday trading on Friday, hitting $67.17. 498,906 shares of the stock were exchanged. The company’s 50 day moving average is $65.19 and its 200 day moving average is $70.10. The company has a market capitalization of $4.18 billion, a P/E ratio of 28.50 and a beta of 1.73. Genesee & Wyoming, Inc. has a 1-year low of $52.21 and a 1-year high of $80.73.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.12. The company had revenue of $519.10 million during the quarter, compared to the consensus estimate of $516.98 million. Genesee & Wyoming had a return on equity of 6.61% and a net margin of 6.89%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. Analysts predict that Genesee & Wyoming, Inc. will post $3.00 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on GWR shares. Credit Suisse Group reiterated an “outperform” rating and set a $85.00 price objective (up from $80.00) on shares of Genesee & Wyoming in a research note on Monday, March 6th. Wells Fargo & Company started coverage on shares of Genesee & Wyoming in a research note on Monday, March 13th. They set a “market perform” rating on the stock. Royal Bank of Canada reiterated a “hold” rating on shares of Genesee & Wyoming in a research note on Tuesday, April 11th. Bank of America Corporation upgraded shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.21 to $76.00 in a research note on Wednesday, April 19th. Finally, Cowen and Company reduced their price objective on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $75.50.

In related news, Director Albert J. Neupaver acquired 1,560 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of $64.77 per share, for a total transaction of $101,041.20. Following the completion of the transaction, the director now owns 5,910 shares in the company, valued at $382,790.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John C. Hellmann sold 14,825 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $68.49, for a total transaction of $1,015,364.25. Following the completion of the transaction, the insider now owns 406,229 shares in the company, valued at $27,822,624.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,232 shares of company stock worth $1,569,713. 3.80% of the stock is owned by company insiders.

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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