King Luther Capital Management Corp reduced its stake in Genesee & Wyoming Inc (NYSE:GWR) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,115 shares of the transportation company’s stock after selling 1,950 shares during the period. King Luther Capital Management Corp owned 0.07% of Genesee & Wyoming worth $3,559,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Ancora Advisors LLC bought a new position in shares of Genesee & Wyoming during the third quarter valued at approximately $100,000. FCA Corp TX bought a new position in shares of Genesee & Wyoming during the third quarter valued at approximately $205,000. Cadence Capital Management LLC bought a new position in shares of Genesee & Wyoming during the third quarter valued at approximately $214,000. First Wilshire Securities Management Inc. bought a new position in shares of Genesee & Wyoming during the second quarter valued at approximately $203,000. Finally, Wedgewood Investors Inc. PA bought a new position in shares of Genesee & Wyoming during the second quarter valued at approximately $220,000. 93.14% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Morgan Stanley raised their target price on shares of Genesee & Wyoming from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 9th. Zacks Investment Research raised 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 note on Thursday, October 11th. JPMorgan Chase & Co. downgraded shares of Genesee & Wyoming from an “overweight” rating to a “neutral” rating in a research note on Friday, October 12th. Finally, Stifel Nicolaus set a $93.00 target price on shares of Genesee & Wyoming and gave the company a “buy” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.70.
Shares of GWR opened at $78.45 on Friday. The company has a market cap of $4.73 billion, a P/E ratio of 26.96, a PEG ratio of 1.19 and a beta of 1.75. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.61. Genesee & Wyoming Inc has a twelve month low of $67.61 and a twelve month high of $92.91.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly 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. The company had revenue of $603.30 million during 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%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. On average, sell-side analysts anticipate that Genesee & Wyoming Inc will post 3.83 EPS for the current fiscal year.
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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