Tocqueville Asset Management L.P. trimmed its position in shares of Genesee & Wyoming (NYSE:GWR) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,350 shares of the transportation company’s stock after selling 800 shares during the period. Tocqueville Asset Management L.P.’s holdings in Genesee & Wyoming were worth $264,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. acquired a new position in Genesee & Wyoming during the third quarter worth $144,000. Wedgewood Investors Inc. PA purchased a new stake in Genesee & Wyoming in the 4th quarter valued at approximately $213,000. Sowell Financial Services LLC purchased a new stake in Genesee & Wyoming in the 3rd quarter valued at approximately $211,000. FDx Advisors Inc. purchased a new stake in Genesee & Wyoming in the 4th quarter valued at approximately $265,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Genesee & Wyoming during the 4th quarter valued at approximately $283,000. Institutional investors own 96.25% of the company’s stock.
Shares of Genesee & Wyoming stock opened at $68.43 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.26 and a quick ratio of 1.14. Genesee & Wyoming has a 1 year low of $61.44 and a 1 year high of $84.40. The company has a market cap of $4,339.07, a P/E ratio of 23.52, a P/E/G ratio of 1.12 and a beta of 1.69.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Genesee & Wyoming had a return on equity of 5.23% and a net margin of 24.87%. The firm had revenue of $571.60 million during the quarter, compared to the consensus estimate of $566.73 million. During the same period in the previous year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. analysts forecast that Genesee & Wyoming will post 3.82 EPS for the current fiscal year.
GWR has been the subject of a number of research reports. Credit Suisse Group reduced their price target on shares of Genesee & Wyoming from $94.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Citigroup reduced their price target on shares of Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Bank of America reduced their price target on shares of Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Finally, TheStreet upgraded shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Genesee & Wyoming currently has a consensus rating of “Hold” and a consensus target price of $81.83.
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About Genesee & Wyoming
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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