Mercer Global Advisors Inc. ADV acquired a new stake in Genesee & Wyoming Inc (NYSE:GWR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 29,013 shares of the transportation company’s stock, valued at approximately $2,528,000. Mercer Global Advisors Inc. ADV owned about 0.05% of Genesee & Wyoming as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Genesee & Wyoming by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,282,602 shares of the transportation company’s stock worth $480,663,000 after buying an additional 33,057 shares during the last quarter. Vanguard Group Inc raised its stake in Genesee & Wyoming by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 5,282,602 shares of the transportation company’s stock valued at $480,663,000 after purchasing an additional 33,057 shares during the last quarter. BlackRock Inc. raised its stake in Genesee & Wyoming by 2.5% during the 4th quarter. BlackRock Inc. now owns 5,173,647 shares of the transportation company’s stock valued at $382,954,000 after purchasing an additional 126,870 shares during the last quarter. FMR LLC raised its stake in Genesee & Wyoming by 14.1% during the 4th quarter. FMR LLC now owns 3,534,262 shares of the transportation company’s stock valued at $261,606,000 after purchasing an additional 436,218 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Genesee & Wyoming by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,625,037 shares of the transportation company’s stock valued at $120,287,000 after purchasing an additional 34,236 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.
Several equities analysts recently commented on the stock. Bank of America lowered shares of Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price target on the stock. in a report on Tuesday, April 30th. Zacks Investment Research lowered shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Cowen reissued an “outperform” rating and issued a $96.00 price target (up previously from $87.00) on shares of Genesee & Wyoming in a report on Wednesday, May 1st. Morgan Stanley set a $69.00 target price on shares of Genesee & Wyoming and gave the stock a “sell” rating in a report on Friday, February 8th. Finally, ValuEngine raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Three research 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. Genesee & Wyoming has a consensus rating of “Hold” and an average price target of $87.52.
NYSE:GWR traded up $0.24 during mid-day trading on Wednesday, reaching $86.07. 344,167 shares of the company were exchanged, compared to its average volume of 403,844. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.65. Genesee & Wyoming Inc has a 12 month low of $68.27 and a 12 month high of $92.91. The firm has a market cap of $4.86 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.40 and a beta of 1.57.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Tuesday, April 30th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). Genesee & Wyoming had a net margin of 8.92% and a return on equity of 6.32%. The business had revenue of $558.10 million for the quarter, compared to analyst estimates of $566.71 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts predict that Genesee & Wyoming Inc will post 4.37 earnings per share for the current fiscal 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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