FDx Advisors Inc. purchased a new stake in Genesee & Wyoming Inc (NYSE:GWR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,360 shares of the transportation company’s stock, valued at approximately $265,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GWR. Pinebridge Investments L.P. purchased a new stake in shares of Genesee & Wyoming in the 3rd quarter valued at $144,000. Sowell Financial Services LLC purchased a new stake in shares of Genesee & Wyoming in the 3rd quarter valued at $211,000. Wedgewood Investors Inc. PA purchased a new stake in shares of Genesee & Wyoming in the 4th quarter valued at $213,000. State of Alaska Department of Revenue purchased a new stake in shares of Genesee & Wyoming in the 4th quarter valued at $283,000. Finally, US Bancorp DE boosted its holdings in shares of Genesee & Wyoming by 44.6% in the 4th quarter. US Bancorp DE now owns 3,636 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 1,122 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
A number of brokerages recently issued reports on GWR. Zacks Investment Research cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Bank of America dropped their price objective on shares of Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 9th. Citigroup dropped their price objective on shares of Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating for the company in a report on Friday, February 9th. TheStreet raised shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Genesee & Wyoming in a research note on Tuesday, January 9th. They set an “overweight” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Genesee & Wyoming presently has an average rating of “Hold” and an average price target of $81.83.
Genesee & Wyoming Inc (NYSE GWR) traded down $1.19 during midday trading on Wednesday, hitting $72.80. 347,397 shares of the stock traded hands, compared to its average volume of 479,838. The stock has a market capitalization of $4,640.41, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.75. Genesee & Wyoming Inc has a twelve month low of $61.44 and a twelve month high of $84.40. The company has a current ratio of 1.26, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. Genesee & Wyoming had a net margin of 24.87% and a return on equity of 5.23%. The company had revenue of $571.60 million for the quarter, compared to analysts’ expectations of $566.73 million. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts forecast that Genesee & Wyoming Inc will post 3.83 EPS for the current fiscal year.
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About Genesee & Wyoming
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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