Genesee & Wyoming, Inc. (GWR) Shares Sold by Creative Planning
Creative Planning reduced its stake in Genesee & Wyoming, Inc. (NYSE:GWR) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,176 shares of the transportation company’s stock after selling 86 shares during the period. Creative Planning’s holdings in Genesee & Wyoming were worth $149,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of GWR. BlackRock Inc. boosted its stake in Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock valued at $341,280,000 after buying an additional 4,972,702 shares in the last quarter. FMR LLC boosted its stake in Genesee & Wyoming by 21.1% in the first quarter. FMR LLC now owns 6,673,222 shares of the transportation company’s stock valued at $452,845,000 after buying an additional 1,160,510 shares in the last quarter. Teachers Advisors LLC boosted its stake in Genesee & Wyoming by 586.6% in the first quarter. Teachers Advisors LLC now owns 411,667 shares of the transportation company’s stock valued at $27,936,000 after buying an additional 351,710 shares in the last quarter. ACK Asset Management LLC bought a new stake in Genesee & Wyoming during the first quarter valued at approximately $21,381,000. Finally, Dimensional Fund Advisors LP boosted its stake in Genesee & Wyoming by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,600,739 shares of the transportation company’s stock valued at $108,626,000 after buying an additional 250,941 shares in the last quarter. 95.89% of the stock is owned by hedge funds and other institutional investors.
Shares of Genesee & Wyoming, Inc. (GWR) traded up 1.87% on Friday, hitting $66.33. 463,853 shares of the company traded hands. Genesee & Wyoming, Inc. has a 1-year low of $61.44 and a 1-year high of $80.73. The firm has a market capitalization of $4.13 billion, a P/E ratio of 29.07 and a beta of 1.71. The firm’s 50-day moving average is $67.32 and its 200 day moving average is $68.40.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. The business had revenue of $540.43 million during the quarter, compared to analyst estimates of $539.59 million. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 earnings per share. On average, analysts anticipate that Genesee & Wyoming, Inc. will post $3.00 earnings per share for the current fiscal year.
GWR has been the subject of several research analyst reports. Zacks Investment Research raised shares of Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 4th. Bank of America Corporation upgraded shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.21 to $76.00 in a research note on Wednesday, April 19th. BidaskClub upgraded shares of Genesee & Wyoming from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Cowen and Company decreased their price target on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Genesee & Wyoming has a consensus rating of “Hold” and a consensus target price of $75.67.
In other news, Director Albert J. Neupaver purchased 1,560 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $64.77 per share, with a total value of $101,041.20. Following the completion of the transaction, the director now owns 5,910 shares in the company, valued at approximately $382,790.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew O. Walsh sold 4,042 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $66.63, for a total transaction of $269,318.46. Following the sale, the executive vice president now directly owns 105,872 shares of the company’s stock, valued at $7,054,251.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,407 shares of company stock valued at $554,349. Insiders own 3.80% of the company’s stock.
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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