Eagle Asset Management Inc. Purchases 4,130 Shares of Genesee & Wyoming Inc (GWR)

Eagle Asset Management Inc. increased its stake in Genesee & Wyoming Inc (NYSE:GWR) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,397 shares of the transportation company’s stock after buying an additional 4,130 shares during the period. Eagle Asset Management Inc.’s holdings in Genesee & Wyoming were worth $8,305,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GWR. Northern Trust Corp increased its stake in Genesee & Wyoming by 7.7% in the third quarter. Northern Trust Corp now owns 600,359 shares of the transportation company’s stock valued at $41,395,000 after buying an additional 43,052 shares during the period. Principal Financial Group Inc. increased its stake in Genesee & Wyoming by 5.3% in the third quarter. Principal Financial Group Inc. now owns 224,060 shares of the transportation company’s stock valued at $15,449,000 after buying an additional 11,369 shares during the period. Pacer Advisors Inc. increased its stake in Genesee & Wyoming by 9.4% in the third quarter. Pacer Advisors Inc. now owns 5,750 shares of the transportation company’s stock valued at $396,000 after buying an additional 496 shares during the period. KCG Holdings Inc. increased its stake in Genesee & Wyoming by 98.6% in the third quarter. KCG Holdings Inc. now owns 13,678 shares of the transportation company’s stock valued at $943,000 after buying an additional 6,792 shares during the period. Finally, HighTower Advisors LLC increased its stake in Genesee & Wyoming by 0.7% in the third quarter. HighTower Advisors LLC now owns 30,984 shares of the transportation company’s stock valued at $2,137,000 after buying an additional 205 shares during the period. 96.56% of the stock is currently owned by institutional investors and hedge funds.

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

Genesee & Wyoming Inc (NYSE:GWR) traded up 2.54% during mid-day trading on Friday, reaching $64.50. The company had a trading volume of 396,066 shares. The firm has a market capitalization of $4.02 billion, a PE ratio of 27.37 and a beta of 1.57. The stock’s 50-day moving average price is $66.09 and its 200 day moving average price is $70.98. Genesee & Wyoming Inc has a 52 week low of $52.21 and a 52 week high of $80.73.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.12. Genesee & Wyoming had a return on equity of 7.45% and a net margin of 7.05%. The firm had revenue of $519.10 million for the quarter, compared to analyst estimates of $516.98 million. During the same period in the prior year, the firm posted $0.77 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that Genesee & Wyoming Inc will post $3.00 EPS for the current year.

TRADEMARK VIOLATION WARNING: This news story was published by Mideast Time and is owned by of Mideast Time. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.mideasttime.com/eagle-asset-management-inc-purchases-4130-shares-of-genesee-wyoming-inc-gwr/1707989.html.

GWR has been the topic of several analyst reports. Cowen and Company boosted their target price on Genesee & Wyoming from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. Stifel Nicolaus reissued a “hold” rating and issued a $72.00 target price on shares of Genesee & Wyoming in a report on Thursday, February 9th. Zacks Investment Research downgraded Genesee & Wyoming from a “hold” rating to a “strong sell” rating in a report on Monday, February 13th. Credit Suisse Group AG reissued a “buy” rating on shares of Genesee & Wyoming in a report on Wednesday, February 15th. Finally, Wells Fargo & Co initiated coverage on Genesee & Wyoming in a report on Monday, March 13th. They issued a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.50.

In other Genesee & Wyoming news, insider John C. Hellmann sold 14,015 shares of Genesee & Wyoming stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $74.11, for a total transaction of $1,038,651.65. Following the completion of the sale, the insider now owns 358,460 shares of the company’s stock, valued at approximately $26,565,470.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John C. Hellmann sold 14,825 shares of Genesee & Wyoming stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $68.49, for a total value of $1,015,364.25. Following the sale, the insider now directly owns 406,229 shares of the company’s stock, valued at approximately $27,822,624.21. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Genesee & Wyoming Company 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.

5 Day Chart for NYSE:GWR

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).

Receive News & Ratings for Genesee & Wyoming Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesee & Wyoming Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.