Principal Financial Group Inc. increased its stake in Genesee & Wyoming Inc. (NYSE:GWR) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,691 shares of the company’s stock after buying an additional 22,322 shares during the period. Principal Financial Group Inc. owned approximately 0.37% of Genesee & Wyoming worth $12,538,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in shares of Genesee & Wyoming by 3.5% in the first quarter. State Street Corp now owns 1,558,395 shares of the company’s stock worth $97,712,000 after buying an additional 53,016 shares during the last quarter. Eachwin Capital LP acquired a new stake in shares of Genesee & Wyoming during the first quarter worth approximately $556,000. UBS Group AG increased its stake in shares of Genesee & Wyoming by 7.1% in the first quarter. UBS Group AG now owns 67,123 shares of the company’s stock worth $4,209,000 after buying an additional 4,439 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Genesee & Wyoming during the second quarter worth approximately $9,056,000. Finally, Granahan Investment Management Inc. MA increased its stake in shares of Genesee & Wyoming by 10.4% in the first quarter. Granahan Investment Management Inc. MA now owns 286,673 shares of the company’s stock worth $17,974,000 after buying an additional 26,900 shares during the last quarter. 98.10% of the stock is owned by hedge funds and other institutional investors.
Genesee & Wyoming Inc. (NYSE:GWR) opened at 68.70 on Tuesday. The stock has a 50 day moving average price of $67.64 and a 200-day moving average price of $63.55. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 17.89 and a beta of 1.71. Genesee & Wyoming Inc. has a 12-month low of $41.56 and a 12-month high of $73.33.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Monday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.15. The business had revenue of $501.40 million for the quarter, compared to analysts’ expectations of $490.50 million. Genesee & Wyoming had a return on equity of 8.07% and a net margin of 10.94%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. Equities analysts predict that Genesee & Wyoming Inc. will post $3.56 EPS for the current fiscal year.
A number of brokerages recently commented on GWR. Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, October 5th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Genesee & Wyoming in a research report on Tuesday, August 16th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $71.00.
In other Genesee & Wyoming news, insider John C. Hellmann sold 12,976 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $69.21, for a total transaction of $898,068.96. Following the completion of the sale, the insider now directly owns 362,073 shares in the company, valued at approximately $25,059,072.33. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Timothy J. Gallagher sold 4,600 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $64.55, for a total transaction of $296,930.00. Following the sale, the chief financial officer now owns 54,847 shares of the company’s stock, valued at $3,540,373.85. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.
Genesee & Wyoming Company Profile
Genesee & Wyoming Inc owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern.
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