Genesee & Wyoming CFO Sells $2,116,131 in Stock (GWR)
Genesee & Wyoming (NYSE:GWR) CFO Timothy J. Gallagher sold 21,547 shares of Genesee & Wyoming stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $98.21, for a total value of $2,116,130.87. Following the completion of the sale, the chief financial officer now directly owns 65,786 shares of the company’s stock, valued at approximately $6,460,843. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Genesee & Wyoming (NYSE:GWR) traded up 0.42% during mid-day trading on Tuesday, hitting $98.59. The stock had a trading volume of 322,817 shares. Genesee & Wyoming has a 52 week low of $86.00 and a 52 week high of $106.02. The stock has a 50-day moving average of $99.39 and a 200-day moving average of $98.34. The company has a market cap of $5.302 billion and a P/E ratio of 24.82.
Genesee & Wyoming (NYSE:GWR) last released its earnings data on Friday, August 1st. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.11 by $0.01. The company had revenue of $414.60 million for the quarter, compared to the consensus estimate of $411.13 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Genesee & Wyoming will post $4.21 EPS for the current fiscal year.
A number of analysts have recently weighed in on GWR shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Genesee & Wyoming in a research note on Monday, August 4th. They now have a $107.00 price target on the stock, down previously from $112.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Genesee & Wyoming in a research note on Monday, August 4th. They now have a $107.00 price target on the stock, down previously from $110.00. Finally, analysts at Cowen and Company cut their price target on shares of Genesee & Wyoming from $113.00 to $110.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $109.25.
Genesee & Wyoming Inc, owns and operates short line and regional freight railroads and provides railcar switching and other rail-related services in the United States, Australia, Canada, the Netherlands and Belgium.