Zacks Investment Research lowered shares of Genesee & Wyoming, Inc. (NYSE:GWR) from a hold rating to a sell rating in a report released on Monday.
According to Zacks, “GENESEE & WYOMING owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations, Australian Railroad Operations, and Industrial Switching. “
Other equities analysts have also recently issued research reports about the company. Cowen and Company reiterated a buy rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, September 12th. BidaskClub upgraded Genesee & Wyoming from a sell rating to a hold rating in a research note on Wednesday, July 5th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $75.67.
Genesee & Wyoming (GWR) traded down 0.59% during mid-day trading on Monday, reaching $72.20. 69,511 shares of the company were exchanged. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 31.64 and a beta of 1.70. Genesee & Wyoming has a 1-year low of $61.44 and a 1-year high of $80.73. The stock’s 50-day moving average price is $70.94 and its 200-day moving average price is $67.56.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $540.43 million during the quarter, compared to the consensus estimate of $539.59 million. Genesee & Wyoming had a return on equity of 6.32% and a net margin of 6.64%. Genesee & Wyoming’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. On average, equities research analysts anticipate that Genesee & Wyoming will post $2.99 EPS for the current fiscal year.
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In related news, CFO Timothy J. Gallagher sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $66.84, for a total transaction of $339,079.32. Following the completion of the sale, the chief financial officer now owns 56,951 shares in the company, valued at $3,806,604.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Allison M. Fergus sold 2,546 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $66.16, for a total value of $168,443.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,931 shares of company stock valued at $2,058,531. 3.80% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC lifted 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 worth $133,000 after purchasing an additional 1,342 shares during the last quarter. 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. KBC Group NV purchased a new stake in Genesee & Wyoming during the first quarter worth approximately $248,000. 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. Finally, World Asset Management Inc lifted its stake in Genesee & Wyoming by 2.4% during the second quarter. World Asset Management Inc now owns 3,881 shares of the transportation company’s stock worth $265,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.
Genesee & Wyoming Company 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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