Brown Advisory Inc. Raises Stake in Genesee & Wyoming Inc (GWR)

Brown Advisory Inc. grew its position in Genesee & Wyoming Inc (NYSE:GWR) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,521 shares of the transportation company’s stock after buying an additional 2,046 shares during the quarter. Brown Advisory Inc.’s holdings in Genesee & Wyoming were worth $4,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GWR. Credit Suisse AG grew its stake in Genesee & Wyoming by 3,932.0% during the 3rd quarter. Credit Suisse AG now owns 2,433,395 shares of the transportation company’s stock worth $221,415,000 after purchasing an additional 2,373,043 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Genesee & Wyoming by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,590,801 shares of the transportation company’s stock worth $144,749,000 after purchasing an additional 14,439 shares in the last quarter. Blue Harbour Group L.P. acquired a new position in Genesee & Wyoming during the 2nd quarter worth $75,463,000. DF Dent & Co. Inc. grew its stake in Genesee & Wyoming by 0.3% during the 2nd quarter. DF Dent & Co. Inc. now owns 873,795 shares of the transportation company’s stock worth $71,057,000 after purchasing an additional 2,812 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Genesee & Wyoming by 8.1% during the 2nd quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock worth $55,919,000 after purchasing an additional 51,438 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. Zacks Investment Research cut Genesee & Wyoming from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Stifel Nicolaus set a $93.00 target price on Genesee & Wyoming and gave the stock a “buy” rating in a research note on Thursday, November 1st. Bank of America cut Genesee & Wyoming from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $90.00 to $94.00 in a research note on Thursday, August 9th. ValuEngine raised Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Finally, Morgan Stanley lowered their target price on Genesee & Wyoming from $75.00 to $74.00 and set a “sell” rating for the company in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Genesee & Wyoming currently has an average rating of “Hold” and an average price target of $87.70.

NYSE:GWR opened at $80.21 on Thursday. The stock has a market cap of $4.91 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.75. Genesee & Wyoming Inc has a 1 year low of $67.61 and a 1 year high of $92.91. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.61.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.07. The business had revenue of $603.30 million during the quarter, compared to analysts’ expectations of $594.40 million. Genesee & Wyoming had a return on equity of 5.81% and a net margin of 26.25%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. As a group, research analysts forecast that Genesee & Wyoming Inc will post 3.83 earnings per share for the current year.

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Genesee & Wyoming Company 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.

Further Reading: How Do I Invest in Dividend Stocks

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

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