Dimensional Fund Advisors LP increased its stake in Genesee & Wyoming Inc. (NYSE:GWR) by 20.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,145,078 shares of the company’s stock after buying an additional 191,484 shares during the period. Dimensional Fund Advisors LP owned 2.00% of Genesee & Wyoming worth $67,496,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its stake in Genesee & Wyoming by 72.1% in the second quarter. LS Investment Advisors LLC now owns 3,524 shares of the company’s stock valued at $208,000 after buying an additional 1,476 shares in the last quarter. FCA Corp TX bought a new stake in Genesee & Wyoming during the second quarter valued at approximately $221,000. Calvert Investment Management Inc. boosted its stake in Genesee & Wyoming by 11.2% in the second quarter. Calvert Investment Management Inc. now owns 4,756 shares of the company’s stock valued at $280,000 after buying an additional 478 shares in the last quarter. M&T Bank Corp boosted its stake in Genesee & Wyoming by 11.5% in the first quarter. M&T Bank Corp now owns 4,866 shares of the company’s stock valued at $305,000 after buying an additional 502 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new stake in Genesee & Wyoming during the second quarter valued at approximately $312,000. Institutional investors and hedge funds own 98.10% of the company’s stock.
Shares of Genesee & Wyoming Inc. (NYSE:GWR) traded up 1.44% during trading on Friday, reaching $69.08. 204,593 shares of the company were exchanged. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 17.98 and a beta of 1.68. The company has a 50 day moving average price of $67.18 and a 200-day moving average price of $63.24. Genesee & Wyoming Inc. has a one year low of $41.56 and a one year high of $73.33.
Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Monday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.15. Genesee & Wyoming had a return on equity of 8.07% and a net margin of 10.94%. The business earned $501.40 million during the quarter, compared to analysts’ expectations of $490.50 million. During the same period in the prior year, the business earned $0.93 EPS. Genesee & Wyoming’s revenue for the quarter was down 7.5% compared to the same quarter last year. Equities analysts predict that Genesee & Wyoming Inc. will post $3.56 EPS for the current year.
Several research firms recently commented on GWR. Zacks Investment Research cut shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Credit Suisse Group AG restated a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Genesee & Wyoming in a report on Tuesday, August 16th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.36.
In related news, General Counsel Allison M. Fergus sold 2,271 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $64.69, for a total transaction of $146,910.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John C. Hellmann sold 12,976 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $69.21, for a total value of $898,068.96. Following the sale, the insider now directly owns 362,073 shares of the company’s stock, valued at $25,059,072.33. The disclosure for this sale can be found here. Corporate 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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