United Services Automobile Association Purchases 100 Shares of Genesee & Wyoming, Inc. (GWR)
United Services Automobile Association boosted its position in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 67,100 shares of the transportation company’s stock after buying an additional 100 shares during the period. United Services Automobile Association owned approximately 0.11% of Genesee & Wyoming worth $4,553,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alyeska Investment Group L.P. purchased a new position in shares of Genesee & Wyoming during the fourth quarter worth approximately $38,162,000. Norges Bank purchased a new position in shares of Genesee & Wyoming during the fourth quarter worth approximately $34,199,000. GLG LLC purchased a new position in shares of Genesee & Wyoming during the fourth quarter worth approximately $10,412,000. Marshall Wace LLP purchased a new position in shares of Genesee & Wyoming during the fourth quarter worth approximately $9,861,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Genesee & Wyoming during the fourth quarter worth approximately $8,760,000. Hedge funds and other institutional investors own 97.20% of the company’s stock.
Genesee & Wyoming, Inc. (GWR) traded up 0.34% on Friday, hitting $67.17. The stock had a trading volume of 498,906 shares. The company has a market capitalization of $4.18 billion, a PE ratio of 28.50 and a beta of 1.73. The company has a 50 day moving average of $65.15 and a 200 day moving average of $70.03. Genesee & Wyoming, Inc. has a 12-month low of $52.21 and a 12-month high of $80.73.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.12. Genesee & Wyoming had a return on equity of 6.61% and a net margin of 6.89%. The business had revenue of $519.10 million during the quarter, compared to the consensus estimate of $516.98 million. During the same period in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts expect that Genesee & Wyoming, Inc. will post $3.00 earnings per share for the current year.
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GWR has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “hold” rating on shares of Genesee & Wyoming in a research report on Tuesday, April 11th. Bank of America Corporation upgraded Genesee & Wyoming from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.21 to $76.00 in a research report on Wednesday, April 19th. Zacks Investment Research upgraded Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 4th. Credit Suisse Group restated an “outperform” rating and issued a $85.00 price target (up from $80.00) on shares of Genesee & Wyoming in a research report on Monday, March 6th. Finally, Wells Fargo & Company started coverage on Genesee & Wyoming in a research report on Monday, March 13th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Genesee & Wyoming presently has a consensus rating of “Hold” and a consensus price target of $75.50.
In related news, insider Christopher F. Liucci sold 1,677 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $64.48, for a total value of $108,132.96. Following the sale, the insider now owns 23,258 shares of the company’s stock, valued at $1,499,675.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Albert J. Neupaver acquired 1,560 shares of Genesee & Wyoming stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average cost of $64.77 per share, for a total transaction of $101,041.20. Following the purchase, the director now owns 5,910 shares of the company’s stock, valued at $382,790.70. The disclosure for this purchase can be found here. In the last three months, insiders sold 23,232 shares of company stock worth $1,569,713. 3.80% of the stock is currently owned by insiders.
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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