Genesee & Wyoming Inc (NYSE:GWR) Sees Large Growth in Short Interest

Genesee & Wyoming Inc (NYSE:GWR) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,528,500 shares, an increase of 108.5% from the July 31st total of 1,212,600 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily trading volume, of 998,400 shares, the short-interest ratio is presently 2.5 days.

GWR has been the topic of several research reports. Stifel Nicolaus lowered 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 restated an “outperform” rating and set a $112.00 price objective (up from $96.00) on shares of Genesee & Wyoming in a research note on Tuesday, July 2nd. Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the stock a “hold” rating in a report on Monday, July 1st. Credit Suisse Group upgraded shares of Genesee & Wyoming from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $112.00 in a research note on Monday, July 1st. Finally, Zacks Investment Research cut shares of Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 target price on the stock. in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Genesee & Wyoming presently has a consensus rating of “Hold” and a consensus price target of $102.81.

In other news, insider John C. Hellmann sold 23,469 shares of Genesee & Wyoming stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $110.00, for a total value of $2,581,590.00. Following the completion of the transaction, the insider now owns 445,316 shares in the company, valued at approximately $48,984,760. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.72% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in Genesee & Wyoming by 11.3% during the 2nd quarter. UBS Group AG now owns 2,366,118 shares of the transportation company’s stock valued at $236,612,000 after purchasing an additional 240,990 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Genesee & Wyoming by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,625,037 shares of the transportation company’s stock valued at $120,287,000 after buying an additional 34,236 shares during the last quarter. Farallon Capital Management LLC acquired a new position in shares of Genesee & Wyoming during the second quarter worth approximately $77,500,000. Invesco Ltd. boosted its position in shares of Genesee & Wyoming by 207.9% during the second quarter. Invesco Ltd. now owns 756,395 shares of the transportation company’s stock worth $75,639,000 after buying an additional 510,698 shares during the period. Finally, DF Dent & Co. Inc. boosted its position in shares of Genesee & Wyoming by 1.8% during the second quarter. DF Dent & Co. Inc. now owns 681,885 shares of the transportation company’s stock worth $68,188,000 after buying an additional 11,745 shares during the period. Institutional investors and hedge funds own 92.47% of the company’s stock.

GWR stock traded down $0.16 during midday trading on Wednesday, reaching $110.58. The company had a trading volume of 1,023,024 shares, compared to its average volume of 650,524. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $110.17 and a 200 day moving average price of $96.86. Genesee & Wyoming has a fifty-two week low of $68.27 and a fifty-two week high of $110.99. The firm has a market capitalization of $6.31 billion, a PE ratio of 28.72 and a beta of 1.35.

Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Wednesday, August 7th. The transportation company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.04). The company had revenue of $571.48 million for 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%. Research analysts predict that Genesee & Wyoming will post 4.34 EPS for the current year.

Genesee & Wyoming Company 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.

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