Piedmont Investment Advisors LLC decreased its holdings in shares of Genesee & Wyoming Inc (NYSE:GWR) by 63.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,888 shares of the transportation company’s stock after selling 20,246 shares during the period. Piedmont Investment Advisors LLC’s holdings in Genesee & Wyoming were worth $880,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of GWR. Global X Management Co. LLC boosted its stake in Genesee & Wyoming by 221.8% during the second quarter. Global X Management Co. LLC now owns 1,947 shares of the transportation company’s stock valued at $133,000 after buying an additional 1,342 shares during the period. Pinebridge Investments L.P. bought a new stake in Genesee & Wyoming during the third quarter worth about $144,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Genesee & Wyoming by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the transportation company’s stock worth $182,000 after purchasing an additional 210 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Genesee & Wyoming during the third quarter worth about $211,000. Finally, Quantbot Technologies LP lifted its stake in Genesee & Wyoming by 38.8% during the second quarter. Quantbot Technologies LP now owns 3,813 shares of the transportation company’s stock worth $260,000 after purchasing an additional 1,065 shares during the last quarter. 96.21% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $76.00 price target on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. Cowen reissued a “buy” rating and issued a $81.00 target price on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. TheStreet raised Genesee & Wyoming from a “c+” rating to a “b-” rating in a research note on Tuesday, December 19th. Bank of America boosted their target price on Genesee & Wyoming from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.20.
In other news, insider John C. Hellmann sold 12,332 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $73.71, for a total value of $908,991.72. Following the sale, the insider now directly owns 404,076 shares of the company’s stock, valued at approximately $29,784,441.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.45% of the company’s stock.
Genesee & Wyoming Inc (NYSE GWR) opened at $78.73 on Monday. Genesee & Wyoming Inc has a twelve month low of $61.44 and a twelve month high of $81.73. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $4,911.49, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 4.11 and a beta of 1.80.
Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Tuesday, October 31st. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Genesee & Wyoming had a return on equity of 5.80% and a net margin of 6.10%. The firm had revenue of $576.90 million for the quarter, compared to analysts’ expectations of $573.60 million. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. sell-side analysts expect that Genesee & Wyoming Inc will post 2.9 earnings per share for the current fiscal year.
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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