Victory Capital Management Inc. lowered its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,377 shares of the transportation company’s stock after selling 82,272 shares during the quarter. Victory Capital Management Inc.’s holdings in Genesee & Wyoming were worth $37,111,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of GWR. Pinebridge Investments L.P. acquired a new position in shares of Genesee & Wyoming during the 3rd quarter valued at about $144,000. Sowell Financial Services LLC acquired a new stake in Genesee & Wyoming during the 3rd quarter worth approximately $211,000. Wedgewood Investors Inc. PA acquired a new stake in Genesee & Wyoming during the 4th quarter worth approximately $213,000. State of Alaska Department of Revenue acquired a new stake in Genesee & Wyoming during the 4th quarter worth approximately $283,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Genesee & Wyoming by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,815 shares of the transportation company’s stock worth $300,000 after purchasing an additional 1,160 shares in the last quarter. 96.49% of the stock is owned by institutional investors.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America dropped their target price on shares of Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating for the company in a research report on Friday. Citigroup dropped their target price on shares of Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. assumed coverage on shares of Genesee & Wyoming in a research report on Tuesday, January 9th. They set an “overweight” rating for the company. Finally, TheStreet raised shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Genesee & Wyoming has an average rating of “Hold” and a consensus target price of $82.67.
Shares of Genesee & Wyoming Inc (NYSE:GWR) opened at $69.59 on Friday. The stock has a market cap of $4,303.87, a P/E ratio of 7.94, a P/E/G ratio of 2.02 and a beta of 1.71. Genesee & Wyoming Inc has a 1 year low of $61.44 and a 1 year high of $84.40. The company has a current ratio of 1.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.59.
Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Thursday, February 8th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The firm had revenue of $571.60 million during the quarter, compared to the consensus estimate of $566.73 million. Genesee & Wyoming had a net margin of 24.87% and a return on equity of 5.23%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. analysts expect that Genesee & Wyoming Inc will post 3.83 earnings per share for the current year.
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About Genesee & Wyoming
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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