Genesee & Wyoming Director Unloads $879,570 in Stock (GWR)
Genesee & Wyoming (NYSE:GWR) Director Mortimer B. Fuller III unloaded 9,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $97.73, for a total transaction of $879,570.00. Following the transaction, the director now directly owns 21,089 shares of the company’s stock, valued at approximately $2,061,028. The sale was disclosed in a document filed with the SEC, which is available at this link.
Genesee & Wyoming (NYSE:GWR) traded up 0.60% during mid-day trading on Friday, hitting $98.33. The stock had a trading volume of 211,653 shares. Genesee & Wyoming has a one year low of $86.16 and a one year high of $106.02. The stock has a 50-day moving average of $98.87 and a 200-day moving average of $98.39. The company has a market cap of $5.288 billion and a price-to-earnings ratio of 24.71.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly 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.
GWR has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Genesee & Wyoming presently has a consensus rating of “Buy” and an average 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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