Genesee & Wyoming Inc. (GWR) Position Raised by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. raised its position in shares of Genesee & Wyoming Inc. (NYSE:GWR) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 276,078 shares of the company’s stock after buying an additional 7,351 shares during the period. PNC Financial Services Group Inc.’s holdings in Genesee & Wyoming were worth $19,033,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Creative Planning boosted its stake in Genesee & Wyoming by 135.9% in the third quarter. Creative Planning now owns 2,359 shares of the company’s stock worth $163,000 after buying an additional 1,359 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Genesee & Wyoming by 72.1% in the second quarter. LS Investment Advisors LLC now owns 3,524 shares of the company’s stock worth $208,000 after buying an additional 1,476 shares during the last quarter. FCA Corp TX purchased a new stake in shares of Genesee & Wyoming during the second quarter worth $221,000. Gilman Hill Asset Management LLC purchased a new stake in shares of Genesee & Wyoming during the third quarter worth $232,000. Finally, Barclays PLC boosted its stake in shares of Genesee & Wyoming by 11.9% in the second quarter. Barclays PLC now owns 3,930 shares of the company’s stock worth $233,000 after buying an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.
Shares of Genesee & Wyoming Inc. (NYSE:GWR) traded up 2.20% during midday trading on Wednesday, reaching $77.65. 198,433 shares of the company’s stock traded hands. Genesee & Wyoming Inc. has a 52-week low of $41.56 and a 52-week high of $77.90. The stock has a 50 day moving average of $70.39 and a 200-day moving average of $65.51. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 20.72 and a beta of 1.51.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The company earned $501 million during the quarter, compared to analysts’ expectations of $504.38 million. Genesee & Wyoming had a net margin of 10.86% and a return on equity of 7.58%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. On average, equities research analysts expect that Genesee & Wyoming Inc. will post $3.53 EPS for the current year.
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GWR has been the subject of a number of analyst reports. Credit Suisse Group AG restated a “buy” rating and issued a $73.00 price objective (up from $70.00) on shares of Genesee & Wyoming in a research note on Tuesday, August 16th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, October 5th. Cowen and Company restated an “outperform” rating and issued a $77.00 price objective (up from $73.00) on shares of Genesee & Wyoming in a research note on Friday, October 21st. Finally, Deutsche Bank AG initiated coverage on shares of Genesee & Wyoming in a research note on Wednesday, November 2nd. They issued a “hold” rating and a $70.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $69.25.
In related news, insider John C. Hellmann sold 11,317 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $76.18, for a total value of $862,129.06. Following the completion of the transaction, the insider now directly owns 361,611 shares of the company’s stock, valued at $27,547,525.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.
Genesee & Wyoming Company Profile
Genesee & Wyoming Inc owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern.
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