Genesee & Wyoming (NYSE:GWR) Reaches New 12-Month High at $110.72

Genesee & Wyoming Inc (NYSE:GWR)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $110.72 and last traded at $110.61, with a volume of 190909 shares. The stock had previously closed at $110.46.

Several brokerages have commented on GWR. ValuEngine raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Bank of America cut shares of Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price target on the stock. in a research report on Tuesday, April 30th. Stifel Nicolaus cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a research report on Monday, July 1st. Cowen reissued an “outperform” rating and set a $112.00 price target (up from $96.00) on shares of Genesee & Wyoming in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research cut shares of Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 price target on the stock. in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $102.81.

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 1.09. The stock’s fifty day moving average price is $109.66 and its 200-day moving average price is $93.80. The company has a market capitalization of $6.29 billion, a P/E ratio of 28.74 and a beta of 1.33.

Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Wednesday, August 7th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.04). The firm had revenue of $571.48 million during the quarter, compared to the consensus estimate of $594.19 million. Genesee & Wyoming had a net margin of 9.33% and a return on equity of 6.41%. On average, research analysts predict that Genesee & Wyoming Inc will post 4.34 EPS for the current fiscal year.

In other news, insider John C. Hellmann sold 23,469 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $2,581,590.00. Following the sale, the insider now directly owns 445,316 shares of the company’s stock, valued at approximately $48,984,760. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.72% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. UBS Group AG raised its holdings in Genesee & Wyoming by 11.3% in the 2nd quarter. UBS Group AG now owns 2,366,118 shares of the transportation company’s stock valued at $236,612,000 after acquiring an additional 240,990 shares during the period. Dimensional Fund Advisors LP raised its holdings in Genesee & Wyoming by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,625,037 shares of the transportation company’s stock valued at $120,287,000 after acquiring an additional 34,236 shares during the period. Farallon Capital Management LLC bought a new position in Genesee & Wyoming in the 2nd quarter valued at about $77,500,000. Invesco Ltd. raised its holdings in Genesee & Wyoming by 207.9% in the 2nd quarter. Invesco Ltd. now owns 756,395 shares of the transportation company’s stock valued at $75,639,000 after acquiring an additional 510,698 shares during the period. Finally, DF Dent & Co. Inc. raised its holdings in Genesee & Wyoming by 1.8% in the 2nd quarter. DF Dent & Co. Inc. now owns 681,885 shares of the transportation company’s stock valued at $68,188,000 after acquiring an additional 11,745 shares during the period. 90.14% of the stock is currently owned by institutional investors.

About Genesee & Wyoming (NYSE:GWR)

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.

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