JPMorgan Chase & Co. increased its position in Genesee & Wyoming Inc (NYSE:GWR) by 174.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 156,511 shares of the transportation company’s stock after purchasing an additional 99,403 shares during the period. JPMorgan Chase & Co. owned about 0.26% of Genesee & Wyoming worth $14,242,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of GWR. Blue Harbour Group L.P. acquired a new position in Genesee & Wyoming in the 2nd quarter worth approximately $75,463,000. First Trust Advisors LP lifted its position in Genesee & Wyoming by 150.3% in the 2nd quarter. First Trust Advisors LP now owns 451,874 shares of the transportation company’s stock worth $36,746,000 after buying an additional 271,364 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Genesee & Wyoming in the 2nd quarter worth approximately $16,500,000. Bank of Montreal Can lifted its position in Genesee & Wyoming by 99.1% in the 3rd quarter. Bank of Montreal Can now owns 336,361 shares of the transportation company’s stock worth $30,605,000 after buying an additional 167,442 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in Genesee & Wyoming by 169.1% in the 3rd quarter. WINTON GROUP Ltd now owns 204,303 shares of the transportation company’s stock worth $18,590,000 after buying an additional 128,395 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.
GWR has been the subject of a number of research analyst reports. Stifel Nicolaus set a $93.00 target price on shares of Genesee & Wyoming and gave the stock a “buy” rating in a research report on Thursday, November 1st. Cowen reiterated a “buy” rating and issued a $92.00 target price on shares of Genesee & Wyoming in a research report on Wednesday, October 31st. ValuEngine upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Morgan Stanley increased their target price on shares of Genesee & Wyoming from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 9th. Finally, Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating and set a $96.00 target price for the company in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Genesee & Wyoming currently has a consensus rating of “Hold” and an average target price of $87.70.
Genesee & Wyoming stock opened at $78.45 on Friday. The firm has a market cap of $4.73 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.75. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61. Genesee & Wyoming Inc has a 1-year low of $67.61 and a 1-year high of $92.91.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $603.30 million for the quarter, compared to the consensus estimate of $594.40 million. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. Genesee & Wyoming’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. On average, research analysts expect that Genesee & Wyoming Inc will post 3.83 EPS for the current year.
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Genesee & Wyoming Company 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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