Meadow Creek Investment Management LLC lifted its position in Genesee & Wyoming Inc (NYSE:GWR) by 20.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,058 shares of the transportation company’s stock after buying an additional 1,360 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Genesee & Wyoming were worth $634,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new stake in shares of Genesee & Wyoming in the 3rd quarter valued at $144,000. Wedgewood Investors Inc. PA purchased a new stake in shares of Genesee & Wyoming in the 4th quarter valued at $213,000. FDx Advisors Inc. purchased a new stake in shares of Genesee & Wyoming in the 4th quarter valued at $265,000. 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 raised 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 buying an additional 1,122 shares during the period. Hedge funds and other institutional investors own 96.25% of the company’s stock.
Several equities research analysts recently issued reports on GWR shares. Credit Suisse Group cut their price objective on Genesee & Wyoming from $94.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. TheStreet upgraded Genesee & Wyoming from a “c+” rating to a “b-” rating in a report on Tuesday, December 19th. Zacks Investment Research downgraded Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Bank of America cut their price objective on Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, Citigroup lowered their target price on Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $81.83.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Thursday, February 8th. The transportation company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Genesee & Wyoming had a return on equity of 5.23% and a net margin of 24.87%. The firm had revenue of $571.60 million during the quarter, compared to analysts’ expectations of $566.73 million. During the same period in the previous year, the firm posted $0.99 EPS. Genesee & Wyoming’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts anticipate that Genesee & Wyoming Inc will post 3.82 earnings per share for the current fiscal year.
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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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