Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Genesee & Wyoming Inc (NYSE:GWR) by 15.1% in the first quarter, HoldingsChannel reports. The firm owned 3,256 shares of the transportation company’s stock after selling 577 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Genesee & Wyoming were worth $284,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in Genesee & Wyoming by 5,197.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 55,943 shares of the transportation company’s stock valued at $4,875,000 after purchasing an additional 54,887 shares during the last quarter. Creative Planning bought a new stake in Genesee & Wyoming in the 1st quarter valued at about $583,000. Mercer Global Advisors Inc. ADV bought a new stake in Genesee & Wyoming in the 1st quarter valued at about $2,528,000. Investors Research Corp bought a new stake in Genesee & Wyoming in the 1st quarter valued at about $61,000. Finally, Alpha Windward LLC bought a new stake in Genesee & Wyoming in the 1st quarter valued at about $497,000. 94.84% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on GWR. ValuEngine upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Cowen restated an “outperform” rating and set a $96.00 price target (up from $87.00) on shares of Genesee & Wyoming in a research report on Wednesday, May 1st. Bank of America downgraded 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. Raymond James downgraded shares of Genesee & Wyoming from a “strong-buy” rating to a “market perform” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $87.52.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). Genesee & Wyoming had a return on equity of 6.32% and a net margin of 8.92%. The company had revenue of $558.10 million for the quarter, compared to the consensus estimate of $566.71 million. During the same quarter last year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Genesee & Wyoming Inc will post 4.35 EPS for the current year.
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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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