Vanguard Group Inc. lifted its position in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,939,799 shares of the transportation company’s stock after buying an additional 145,424 shares during the period. Vanguard Group Inc. owned approximately 8.03% of Genesee & Wyoming worth $337,833,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Genesee & Wyoming by 8,807.0% in the 1st quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock valued at $341,280,000 after purchasing an additional 4,972,702 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Genesee & Wyoming in the 2nd quarter valued at $132,357,000. TimesSquare Capital Management LLC increased its holdings in Genesee & Wyoming by 14.7% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,935,100 shares of the transportation company’s stock valued at $132,341,000 after purchasing an additional 247,900 shares in the last quarter. State Street Corp increased its holdings in Genesee & Wyoming by 2.7% in the 1st quarter. State Street Corp now owns 1,632,400 shares of the transportation company’s stock valued at $110,771,000 after purchasing an additional 42,256 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Genesee & Wyoming by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,600,739 shares of the transportation company’s stock valued at $108,626,000 after purchasing an additional 250,941 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
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Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The company had revenue of $540.43 million for the quarter, compared to the consensus estimate of $539.59 million. During the same period last year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year.
In other news, General Counsel Allison M. Fergus sold 2,546 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $66.16, for a total value of $168,443.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO David A. Brown sold 4,156 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $66.19, for a total transaction of $275,085.64. Following the completion of the transaction, the chief operating officer now owns 31,416 shares in the company, valued at approximately $2,079,425.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,931 shares of company stock worth $2,058,531. 3.45% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on GWR. BidaskClub downgraded Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Genesee & Wyoming from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Cowen and Company restated a “buy” rating and set a $75.00 target price on shares of Genesee & Wyoming in a research note on Tuesday, September 12th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.67.
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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