Genesee & Wyoming Inc (NYSE:GWR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,416,000 shares, a growth of 10.7% from the May 15th total of 2,183,300 shares. Based on an average daily trading volume, of 409,700 shares, the short-interest ratio is presently 5.9 days. Approximately 4.4% of the shares of the company are short sold.
Several research analysts have commented on GWR shares. ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Credit Suisse Group reaffirmed a “sell” rating and issued a $6.00 target price on shares of Deutsche Bank in a research note on Monday, July 1st. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the stock a “hold” rating in a research note on Monday, July 1st. Finally, Cowen reaffirmed a “buy” rating on shares of Dicerna Pharmaceuticals in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $101.18.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Genesee & Wyoming during the 2nd quarter valued at approximately $54,000. Oregon Public Employees Retirement Fund increased its stake in Genesee & Wyoming by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,703 shares of the transportation company’s stock valued at $2,370,000 after purchasing an additional 322 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Genesee & Wyoming by 1.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,800 shares of the transportation company’s stock valued at $980,000 after purchasing an additional 100 shares in the last quarter. Retirement Systems of Alabama increased its stake in Genesee & Wyoming by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 73,511 shares of the transportation company’s stock valued at $7,351,000 after purchasing an additional 237 shares in the last quarter. Finally, WINTON GROUP Ltd increased its stake in Genesee & Wyoming by 28.3% in the 2nd quarter. WINTON GROUP Ltd now owns 195,437 shares of the transportation company’s stock valued at $19,544,000 after purchasing an additional 43,095 shares in the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.Shares of GWR stock traded down $0.09 during mid-day trading on Monday, reaching $109.51. 532,800 shares of the company’s stock traded hands, compared to its average volume of 591,830. Genesee & Wyoming has a 12 month low of $68.27 and a 12 month high of $110.72. The firm has a market cap of $6.24 billion, a P/E ratio of 28.44 and a beta of 1.34. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $101.78.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Genesee & Wyoming had a return on equity of 6.32% and a net margin of 8.92%. The business had revenue of $558.10 million during the quarter, compared to the consensus estimate of $566.71 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Genesee & Wyoming will post 4.34 EPS for the current year.
About Genesee & Wyoming
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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