First Wilshire Securities Management Inc. Invests $229,000 in Genesee & Wyoming Inc (NYSE:GWR)

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First Wilshire Securities Management Inc. bought a new position in shares of Genesee & Wyoming Inc (NYSE:GWR) in the second quarter, HoldingsChannel reports. The firm bought 2,293 shares of the transportation company’s stock, valued at approximately $229,000.

Several other hedge funds have also modified their holdings of the company. Advisory Services Network LLC lifted its stake in shares of Genesee & Wyoming by 482.0% during the 2nd quarter. Advisory Services Network LLC now owns 291 shares of the transportation company’s stock worth $29,000 after purchasing an additional 241 shares during the period. Prudential Financial Inc. lifted its stake in shares of Genesee & Wyoming by 6.5% during the 2nd quarter. Prudential Financial Inc. now owns 35,443 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,160 shares during the period. Parallel Advisors LLC lifted its stake in shares of Genesee & Wyoming by 196.2% during the 2nd quarter. Parallel Advisors LLC now owns 391 shares of the transportation company’s stock worth $39,000 after purchasing an additional 259 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Genesee & Wyoming during the 2nd quarter worth $54,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Genesee & Wyoming during the 2nd quarter worth $56,000. 91.44% of the stock is owned by institutional investors and hedge funds.

Shares of GWR opened at $110.41 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $6.29 billion, a P/E ratio of 28.68 and a beta of 1.35. The stock’s fifty day simple moving average is $110.32 and its 200 day simple moving average is $97.97. Genesee & Wyoming Inc has a twelve month low of $68.27 and a twelve month high of $110.99.

Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Wednesday, August 7th. The transportation company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). The firm had revenue of $571.48 million during the quarter, compared to analysts’ expectations of $594.19 million. Genesee & Wyoming had a return on equity of 6.41% and a net margin of 9.33%. Sell-side analysts predict that Genesee & Wyoming Inc will post 4.35 earnings per share for the current year.

In other Genesee & Wyoming news, insider John C. Hellmann sold 23,469 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $110.00, for a total value of $2,581,590.00. Following the transaction, the insider now directly owns 445,316 shares of the company’s stock, valued at $48,984,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.72% of the company’s stock.

A number of research analysts have weighed in on GWR shares. Credit Suisse Group raised Genesee & Wyoming from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $75.00 to $112.00 in a research note on Monday, July 1st. Stifel Nicolaus lowered Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a research note on Monday, July 1st. Cowen reissued an “outperform” rating and set a $112.00 price target (up previously from $96.00) on shares of Genesee & Wyoming in a research note on Tuesday, July 2nd. Zacks Investment Research lowered Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 price target on the stock. in a research note on Tuesday, July 2nd. Finally, Stephens set a $112.00 target price on Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $102.81.

Genesee & Wyoming Profile

Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

See Also: Overbought

Want to see what other hedge funds are holding GWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genesee & Wyoming Inc (NYSE:GWR).

Institutional Ownership by Quarter for Genesee & Wyoming (NYSE:GWR)

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