Russell Investments Group Ltd. trimmed its holdings in shares of Genesee & Wyoming Inc (NYSE:GWR) by 21.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,442 shares of the transportation company’s stock after selling 45,811 shares during the quarter. Russell Investments Group Ltd. owned about 0.28% of Genesee & Wyoming worth $15,508,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. First Wilshire Securities Management Inc. acquired a new stake in shares of Genesee & Wyoming in the second quarter valued at about $203,000. FCA Corp TX acquired a new stake in shares of Genesee & Wyoming in the third quarter valued at about $205,000. Wedgewood Investors Inc. PA acquired a new stake in shares of Genesee & Wyoming in the second quarter valued at about $220,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Genesee & Wyoming in the second quarter valued at about $258,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Genesee & Wyoming in the second quarter valued at about $270,000. 92.42% of the stock is currently owned by institutional investors.
NYSE GWR opened at $81.09 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.33 and a quick ratio of 1.22. Genesee & Wyoming Inc has a twelve month low of $67.61 and a twelve month high of $92.91. The stock has a market capitalization of $4.95 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.21 and a beta of 1.71.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.07. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. The business had revenue of $603.30 million during the quarter, compared to analysts’ expectations of $594.40 million. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Genesee & Wyoming Inc will post 3.85 earnings per share for the current year.
In related news, COO David A. Brown sold 3,429 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $87.98, for a total value of $301,683.42. Following the completion of the sale, the chief operating officer now owns 33,938 shares in the company, valued at $2,985,865.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher F. Liucci sold 1,137 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $89.25, for a total transaction of $101,477.25. Following the completion of the sale, the insider now owns 19,326 shares of the company’s stock, valued at approximately $1,724,845.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,255 shares of company stock valued at $1,959,907. 2.41% of the stock is owned by corporate insiders.
Several equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $93.00 price target on Genesee & Wyoming and gave the company a “buy” rating in a research report on Thursday, November 1st. Cowen reaffirmed a “buy” rating and issued a $92.00 price target on shares of Genesee & Wyoming in a research report on Wednesday, October 31st. Credit Suisse Group downgraded Genesee & Wyoming from an “outperform” rating to an “underperform” rating and lowered their price target for the company from $90.00 to $71.00 in a research report on Friday, November 2nd. Zacks Investment Research downgraded Genesee & Wyoming from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Citigroup downgraded Genesee & Wyoming from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Genesee & Wyoming currently has a consensus rating of “Hold” and an average price target of $87.70.
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Genesee & Wyoming Profile
Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.
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