Zurcher Kantonalbank Zurich Cantonalbank raised its position in Genesee & Wyoming Inc (NYSE:GWR) by 43.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,815 shares of the transportation company’s stock after acquiring an additional 1,160 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Genesee & Wyoming were worth $300,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT lifted its holdings in Genesee & Wyoming by 37.7% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 12,055 shares of the transportation company’s stock valued at $892,000 after acquiring an additional 3,300 shares during the period. Rhumbline Advisers raised its stake in shares of Genesee & Wyoming by 7.7% in the third quarter. Rhumbline Advisers now owns 117,624 shares of the transportation company’s stock worth $8,705,000 after buying an additional 8,401 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Genesee & Wyoming by 20.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 22,900 shares of the transportation company’s stock worth $1,803,000 after buying an additional 3,900 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Genesee & Wyoming by 9.1% in the third quarter. Parametric Portfolio Associates LLC now owns 230,090 shares of the transportation company’s stock worth $17,029,000 after buying an additional 19,242 shares during the period. Finally, AMP Capital Investors Ltd raised its stake in shares of Genesee & Wyoming by 825.2% in the third quarter. AMP Capital Investors Ltd now owns 51,708 shares of the transportation company’s stock worth $3,827,000 after buying an additional 46,119 shares during the period. 95.67% of the stock is currently owned by institutional investors.
GWR has been the topic of several recent research reports. Bank of America raised their price objective on Genesee & Wyoming from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. initiated coverage on Genesee & Wyoming in a research note on Tuesday, January 9th. They issued an “overweight” rating on the stock. Zacks Investment Research raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. TheStreet raised Genesee & Wyoming from a “c+” rating to a “b-” rating in a research note on Tuesday, December 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $76.00 target price on shares of Genesee & Wyoming in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Genesee & Wyoming currently has a consensus rating of “Hold” and an average target price of $81.83.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Thursday, February 8th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $571.60 million during the quarter, compared to analysts’ expectations of $566.73 million. Genesee & Wyoming had a return on equity of 5.23% and a net margin of 24.87%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. analysts forecast that Genesee & Wyoming Inc will post 3.83 EPS for the current fiscal year.
In other Genesee & Wyoming news, insider John C. Hellmann sold 12,332 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $73.71, for a total transaction of $908,991.72. Following the completion of the transaction, the insider now owns 404,076 shares in the company, valued at approximately $29,784,441.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.45% of the company’s stock.
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About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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