Insider Selling: Matthew O. Walsh Sells 5,611 Shares of Genesee & Wyoming Stock (GWR)
Genesee & Wyoming (NYSE:GWR) SVP Matthew O. Walsh sold 5,611 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $98.67, for a total transaction of $553,637.37. Following the completion of the sale, the senior vice president now directly owns 72,028 shares in the company, valued at approximately $7,107,003. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Genesee & Wyoming (NYSE:GWR) traded down 0.60% during mid-day trading on Wednesday, hitting $98.00. 280,147 shares of the company’s stock traded hands. Genesee & Wyoming has a one year low of $86.00 and a one year high of $106.02. The stock has a 50-day moving average of $99.20 and a 200-day moving average of $98.40. The company has a market cap of $5.271 billion and a price-to-earnings ratio of 24.93.
Genesee & Wyoming (NYSE:GWR) last released its earnings data on Friday, August 1st. The company reported $1.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.14 earnings per share. Genesee & Wyoming’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Genesee & Wyoming will post $4.21 EPS for the current fiscal year.
A number of research firms have recently commented on GWR. 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 assigned a strong buy rating to the company. Genesee & Wyoming has an average rating of “Buy” and a consensus target price 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.
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