Municipal Employees Retirement System of Michigan bought a new stake in shares of Genesee & Wyoming Inc (NYSE:GWR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,280 shares of the transportation company’s stock, valued at approximately $1,057,000.
Other large investors also recently added to or reduced their stakes in the company. Man Group plc lifted its position in shares of Genesee & Wyoming by 64.9% during the 3rd quarter. Man Group plc now owns 34,386 shares of the transportation company’s stock valued at $3,129,000 after acquiring an additional 13,528 shares during the period. Commonwealth Bank of Australia acquired a new position in shares of Genesee & Wyoming during the 3rd quarter worth $373,000. Canada Pension Plan Investment Board raised its holdings in shares of Genesee & Wyoming by 26.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 318,106 shares of the transportation company’s stock worth $23,544,000 after buying an additional 66,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Genesee & Wyoming by 18.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,926 shares of the transportation company’s stock worth $1,401,000 after buying an additional 2,990 shares in the last quarter. Finally, RMB Capital Management LLC raised its holdings in shares of Genesee & Wyoming by 3.4% during the 4th quarter. RMB Capital Management LLC now owns 276,021 shares of the transportation company’s stock worth $20,431,000 after buying an additional 9,181 shares in the last quarter. Hedge funds and other institutional investors own 96.96% of the company’s stock.
GWR traded up $0.01 on Wednesday, reaching $86.60. The stock had a trading volume of 514,087 shares, compared to its average volume of 429,142. Genesee & Wyoming Inc has a fifty-two week low of $68.27 and a fifty-two week high of $92.91. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.67. The stock has a market cap of $5.06 billion, a PE ratio of 22.49, a PEG ratio of 1.42 and a beta of 1.59.
Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Wednesday, February 6th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.11. Genesee & Wyoming had a return on equity of 6.19% and a net margin of 10.41%. The business had revenue of $575.60 million during the quarter, compared to analysts’ expectations of $570.71 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts expect that Genesee & Wyoming Inc will post 4.4 EPS for the current year.
GWR has been the subject of a number of research analyst reports. Stephens cut Genesee & Wyoming from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $95.00 to $83.00 in a report on Thursday, January 3rd. Zacks Investment Research raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Raymond James cut Genesee & Wyoming from a “strong-buy” rating to a “market perform” rating in a report on Monday. Cowen reissued an “outperform” rating and set a $87.00 price target (down previously from $92.00) on shares of Genesee & Wyoming in a report on Thursday, February 7th. Finally, Morgan Stanley set a $69.00 price target on Genesee & Wyoming and gave the stock a “sell” rating in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $87.11.
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Genesee & Wyoming 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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