Genesee & Wyoming Inc. (NYSE:GWR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” 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. “
Separately, Credit Suisse Group AG restated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Genesee & Wyoming in a report on Tuesday, August 16th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $71.00.
Shares of Genesee & Wyoming (NYSE:GWR) opened at 69.11 on Monday. Genesee & Wyoming has a 1-year low of $41.56 and a 1-year high of $73.33. The stock has a 50 day moving average price of $67.48 and a 200-day moving average price of $63.80. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 17.99 and a beta of 1.71.
Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Monday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. On average, equities research analysts expect that Genesee & Wyoming will post $3.56 earnings per share for the current fiscal year.
In other news, insider John C. Hellmann sold 12,976 shares of Genesee & Wyoming 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 transaction, the insider now owns 362,073 shares in the company, valued at $25,059,072.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Timothy J. Gallagher sold 4,600 shares of Genesee & Wyoming stock in a transaction on Friday, August 5th. The stock was sold at an average price of $64.55, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now owns 54,847 shares in the company, valued at approximately $3,540,373.85. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.
Several institutional investors have recently modified their holdings of GWR. Lazard Asset Management LLC acquired a new position in shares of Genesee & Wyoming during the first quarter worth approximately $173,415,000. Wellington Management Group LLP raised its position in shares of Genesee & Wyoming by 7.2% in the first quarter. Wellington Management Group LLP now owns 6,029,696 shares of the company’s stock worth $378,062,000 after buying an additional 405,552 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Genesee & Wyoming by 165.2% in the first quarter. Goldman Sachs Group Inc. now owns 627,756 shares of the company’s stock worth $39,360,000 after buying an additional 391,008 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Genesee & Wyoming during the second quarter worth approximately $13,782,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Genesee & Wyoming by 20.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,145,078 shares of the company’s stock worth $67,496,000 after buying an additional 191,484 shares during the period. Institutional investors own 98.07% of the company’s stock.
About Genesee & Wyoming
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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