LS Investment Advisors LLC trimmed its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 18.8% in the 4th quarter, HoldingsChannel reports. The fund owned 3,918 shares of the transportation company’s stock after selling 908 shares during the period. LS Investment Advisors LLC’s holdings in Genesee & Wyoming were worth $308,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new position in Genesee & Wyoming during the third quarter valued at $144,000. Sowell Financial Services LLC purchased a new position in Genesee & Wyoming during the third quarter valued at $211,000. Wedgewood Investors Inc. PA purchased a new position in Genesee & Wyoming during the fourth quarter valued at $213,000. State of Alaska Department of Revenue purchased a new position in Genesee & Wyoming during the fourth quarter valued at $283,000. Finally, US Bancorp DE grew its stake in Genesee & Wyoming by 44.6% during the fourth quarter. US Bancorp DE now owns 3,636 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 1,122 shares in the last quarter. 95.67% of the stock is owned by institutional investors.
GWR has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “hold” rating and issued a $76.00 price objective on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. Cowen reissued a “buy” rating and issued a $81.00 price objective on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Bank of America lifted their price objective on shares of Genesee & Wyoming from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, TheStreet raised shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock 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 Thomson Reuters’ consensus estimate of $0.75 by $0.02. The firm had revenue of $571.60 million during the quarter, compared to analyst estimates of $566.73 million. Genesee & Wyoming had a net margin of 24.87% and a return on equity of 5.23%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. sell-side analysts anticipate that Genesee & Wyoming Inc will post 3.83 earnings per share for the current fiscal year.
In other news, insider John C. Hellmann sold 12,332 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $73.71, for a total value of $908,991.72. Following the completion of the sale, 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 available through this hyperlink. 3.45% of the stock is currently owned by company insiders.
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Genesee & Wyoming Company Profile
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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