Retirement Systems of Alabama raised its position in Genesee & Wyoming Inc. (NYSE:GWR) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 73,729 shares of the company’s stock after buying an additional 297 shares during the period. Retirement Systems of Alabama’s holdings in Genesee & Wyoming were worth $4,346,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. State Street Corp increased its stake in shares of Genesee & Wyoming by 3.5% in the first quarter. State Street Corp now owns 1,558,395 shares of the company’s stock worth $97,712,000 after buying an additional 53,016 shares during the last quarter. Eachwin Capital LP acquired a new stake in shares of Genesee & Wyoming during the first quarter worth $556,000. Bank of Montreal Can acquired a new stake in shares of Genesee & Wyoming during the second quarter worth $9,056,000. UBS Group AG increased its stake in shares of Genesee & Wyoming by 7.1% in the first quarter. UBS Group AG now owns 67,123 shares of the company’s stock worth $4,209,000 after buying an additional 4,439 shares during the last quarter. Finally, Granahan Investment Management Inc. MA increased its stake in shares of Genesee & Wyoming by 10.4% in the first quarter. Granahan Investment Management Inc. MA now owns 286,673 shares of the company’s stock worth $17,974,000 after buying an additional 26,900 shares during the last quarter. Institutional investors and hedge funds own 98.10% of the company’s stock.
Shares of Genesee & Wyoming Inc. (NYSE:GWR) traded up 0.59% on Friday, hitting $68.66. The company had a trading volume of 441,943 shares. Genesee & Wyoming Inc. has a 52 week low of $41.56 and a 52 week high of $73.33. The stock has a market capitalization of $3.98 billion, a PE ratio of 17.88 and a beta of 1.71. The firm’s 50 day moving average price is $67.49 and its 200-day moving average price is $63.70.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.15. The firm earned $501.40 million during the quarter, compared to analyst estimates of $490.50 million. Genesee & Wyoming had a return on equity of 8.07% and a net margin of 10.94%. Genesee & Wyoming’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Analysts forecast that Genesee & Wyoming Inc. will post $3.56 earnings per share for the current fiscal year.
GWR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, October 5th. Credit Suisse Group AG reiterated 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $71.00.
In related news, General Counsel Allison M. Fergus sold 2,271 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $64.69, for a total value of $146,910.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy J. Gallagher sold 4,600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 54,847 shares of the company’s stock, valued at approximately $3,540,373.85. The disclosure for this sale can be found here. 3.80% of the stock is owned by corporate insiders.
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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