Genesee & Wyoming Inc. (GWR) Downgraded by Zacks Investment Research to Hold
According to Zacks, “GENESEE & WYOMING owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations, Australian Railroad Operations, and Industrial Switching. “
Separately, Credit Suisse Group AG reissued a buy rating and set a $73.00 target price (up from $70.00) on shares of Genesee & Wyoming in a research note on Tuesday, August 16th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Genesee & Wyoming currently has a consensus rating of Buy and an average target price of $71.00.
Genesee & Wyoming (NYSE:GWR) opened at 69.26 on Monday. The firm has a market capitalization of $4.02 billion, a PE ratio of 18.03 and a beta of 1.71. The stock’s 50 day moving average price is $67.48 and its 200 day moving average price is $63.75. Genesee & Wyoming has a one year low of $41.56 and a one year high of $73.33.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.15. The company earned $501.40 million during the quarter, compared to analyst estimates of $490.50 million. Genesee & Wyoming had a net margin of 10.94% and a return on equity of 8.07%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. Analysts expect that Genesee & Wyoming will post $3.56 EPS for the current year.
In other Genesee & Wyoming news, insider John C. Hellmann sold 12,976 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $69.21, for a total value of $898,068.96. Following the completion of the sale, the insider now directly owns 362,073 shares of the company’s stock, valued at approximately $25,059,072.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Allison M. Fergus sold 2,271 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $64.69, for a total transaction of $146,910.99. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Genesee & Wyoming by 3.5% in the first quarter. State Street Corp now owns 1,558,395 shares of the company’s stock worth $97,712,000 after buying an additional 53,016 shares during the period. Eachwin Capital LP bought a new stake in shares of Genesee & Wyoming during the first quarter worth $556,000. Bank of Montreal Can bought a new stake in shares of Genesee & Wyoming during the second quarter worth $9,056,000. UBS Group AG increased its stake in shares of Genesee & Wyoming by 7.1% in the first quarter. UBS Group AG now owns 67,123 shares of the company’s stock worth $4,209,000 after buying an additional 4,439 shares during the period. Finally, Aristotle Capital Boston LLC increased its stake in shares of Genesee & Wyoming by 3.8% in the second quarter. Aristotle Capital Boston LLC now owns 73,988 shares of the company’s stock worth $4,362,000 after buying an additional 2,717 shares during the period. 98.07% of the stock is owned by hedge funds and other institutional investors.
About Genesee & Wyoming
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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