Tower Research Capital LLC TRC lifted its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 212.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,610 shares of the transportation company’s stock after acquiring an additional 5,171 shares during the period. Tower Research Capital LLC TRC’s holdings in Genesee & Wyoming were worth $693,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of GWR. Ancora Advisors LLC acquired a new stake in shares of Genesee & Wyoming during the third quarter valued at $100,000. First Wilshire Securities Management Inc. acquired a new stake in shares of Genesee & Wyoming during the second quarter valued at $203,000. FCA Corp TX acquired a new stake in shares of Genesee & Wyoming during the third quarter valued at $205,000. Cadence Capital Management LLC acquired a new stake in shares of Genesee & Wyoming during the third quarter valued at $214,000. Finally, Wedgewood Investors Inc. PA acquired a new stake in shares of Genesee & Wyoming during the second quarter valued at $220,000. 93.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:GWR opened at $80.56 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61. Genesee & Wyoming Inc has a 12-month low of $67.61 and a 12-month high of $92.91. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.19 and a beta of 1.75.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Genesee & Wyoming had a return on equity of 5.81% and a net margin of 26.25%. The firm had revenue of $603.30 million for the quarter, compared to analyst estimates of $594.40 million. During the same period last year, the company earned $0.81 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts expect that Genesee & Wyoming Inc will post 3.83 earnings per share for the current year.
A number of analysts recently commented on GWR shares. JPMorgan Chase & Co. lowered Genesee & Wyoming from an “overweight” rating to a “neutral” rating in a research note on Friday, October 12th. Credit Suisse Group lowered Genesee & Wyoming from an “outperform” rating to an “underperform” rating and decreased their price objective for the company from $90.00 to $71.00 in a research note on Friday, November 2nd. Morgan Stanley decreased their price objective on Genesee & Wyoming from $75.00 to $74.00 and set a “sell” rating on the stock in a research note on Wednesday, October 31st. Zacks Investment Research raised Genesee & Wyoming from a “sell” rating to a “hold” rating and set a $96.00 price target on the stock in a research note on Thursday, October 11th. Finally, Citigroup lowered Genesee & Wyoming from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Genesee & Wyoming has a consensus rating of “Hold” and a consensus price target of $87.70.
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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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