Balyasny Asset Management LLC bought a new position in Genesee & Wyoming, Inc. (NYSE:GWR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,500 shares of the transportation company’s stock, valued at approximately $445,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Rare Infrastructure Ltd boosted its stake in Genesee & Wyoming by 70,609.6% in the 2nd quarter. Rare Infrastructure Ltd now owns 147,783 shares of the transportation company’s stock worth $10,107,000 after purchasing an additional 147,574 shares during the period. Precocity Capital LP bought a new stake in shares of Genesee & Wyoming during the 2nd quarter valued at about $10,259,000. Goodnow Investment Group LLC boosted its position in shares of Genesee & Wyoming by 16.0% during the 2nd quarter. Goodnow Investment Group LLC now owns 566,967 shares of the transportation company’s stock valued at $38,775,000 after acquiring an additional 78,340 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Genesee & Wyoming by 1.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 435,584 shares of the transportation company’s stock valued at $29,790,000 after acquiring an additional 5,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Genesee & Wyoming by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,616,466 shares of the transportation company’s stock valued at $110,549,000 after acquiring an additional 15,727 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.
A number of brokerages have recently issued reports on GWR. Cowen and Company reiterated a “buy” rating and set a $75.00 price target on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Zacks Investment Research downgraded Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded Genesee & Wyoming from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Genesee & Wyoming currently has a consensus rating of “Hold” and a consensus target price of $75.67.
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Genesee & Wyoming, Inc. (NYSE:GWR) opened at 73.62 on Friday. Genesee & Wyoming, Inc. has a 52 week low of $61.44 and a 52 week high of $80.73. The firm has a 50-day moving average price of $71.96 and a 200-day moving average price of $67.85. The stock has a market capitalization of $4.59 billion, a PE ratio of 32.26 and a beta of 1.70.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $540.43 million during the quarter, compared to analyst estimates of $539.59 million. Genesee & Wyoming had a return on equity of 6.32% and a net margin of 6.64%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. Equities research analysts predict that Genesee & Wyoming, Inc. will post $2.98 EPS for the current fiscal year.
In related news, EVP Matthew O. Walsh sold 3,808 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $67.03, for a total value of $255,250.24. Following the transaction, the executive vice president now directly owns 105,722 shares in the company, valued at $7,086,545.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy J. Gallagher sold 5,073 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $66.84, for a total value of $339,079.32. Following the completion of the transaction, the chief financial officer now owns 56,951 shares in the company, valued at $3,806,604.84. The disclosure for this sale can be found here. Insiders sold 30,931 shares of company stock valued at $2,058,531 over the last 90 days. Company insiders own 3.45% of the company’s stock.
Genesee & Wyoming 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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