American Century Companies Inc. Boosts Stake in Genesee & Wyoming Inc (GWR)

American Century Companies Inc. grew its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 352.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,190 shares of the transportation company’s stock after acquiring an additional 9,496 shares during the period. American Century Companies Inc.’s holdings in Genesee & Wyoming were worth $863,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FDx Advisors Inc. bought a new position in shares of Genesee & Wyoming during the 4th quarter valued at approximately $265,000. State of Alaska Department of Revenue bought a new position in shares of Genesee & Wyoming during the 4th quarter valued at approximately $283,000. US Bancorp DE grew its position in shares of Genesee & Wyoming by 44.6% during the 4th 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Genesee & Wyoming by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,815 shares of the transportation company’s stock valued at $300,000 after acquiring an additional 1,160 shares during the period. Finally, Logan Capital Management Inc. bought a new position in shares of Genesee & Wyoming during the 4th quarter valued at approximately $318,000. 95.74% of the stock is owned by hedge funds and other institutional investors.

Genesee & Wyoming traded up $2.01, hitting $80.56, on Thursday, according to MarketBeat.com. The company’s stock had a trading volume of 483,000 shares, compared to its average volume of 503,721. The company has a market cap of $4.89 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.72. Genesee & Wyoming Inc has a 12 month low of $63.70 and a 12 month high of $84.40. The company has a current ratio of 1.42, a quick ratio of 1.30 and a debt-to-equity ratio of 0.60.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, May 1st. The transportation company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.03). Genesee & Wyoming had a return on equity of 5.29% and a net margin of 26.41%. The business had revenue of $547.70 million during the quarter, compared to the consensus estimate of $572.60 million. During the same period last year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. research analysts forecast that Genesee & Wyoming Inc will post 3.84 earnings per share for the current fiscal year.

In other Genesee & Wyoming news, insider Christopher F. Liucci sold 1,000 shares of the firm’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $74.72, for a total value of $74,720.00. Following the completion of the transaction, the insider now directly owns 21,189 shares of the company’s stock, valued at approximately $1,583,242.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 2,300 shares of company stock valued at $177,230. Insiders own 2.41% of the company’s stock.

A number of research firms have recently weighed in on GWR. Stifel Nicolaus reissued a “buy” rating and set a $90.00 target price on shares of Genesee & Wyoming in a research report on Saturday, June 2nd. Stephens reissued an “in-line” rating and set a $90.00 target price (up from $85.00) on shares of Genesee & Wyoming in a research report on Thursday. Morgan Stanley increased their target price on shares of Genesee & Wyoming to $75.00 and gave the company an “equal weight” rating in a research report on Monday, May 7th. Zacks Investment Research raised shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, Credit Suisse Group cut their price objective on shares of Genesee & Wyoming from $83.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Genesee & Wyoming presently has an average rating of “Hold” and an average price target of $82.89.

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.

Institutional Ownership by Quarter for Genesee & Wyoming (NYSE:GWR)

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