Genesee & Wyoming (NYSE:GWR) Sets New 52-Week High at $111.36

Genesee & Wyoming Inc (NYSE:GWR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $111.36 and last traded at $111.09, with a volume of 11329 shares trading hands. The stock had previously closed at $110.75.

A number of research firms have recently issued reports on GWR. Cowen reiterated an “outperform” rating and set a $112.00 price objective (up from $96.00) on shares of Genesee & Wyoming in a research note on Tuesday, July 2nd. ValuEngine downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 target price for the company. in a research note on Tuesday, July 2nd. Stifel Nicolaus downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a research note on Monday, July 1st. Finally, Credit Suisse Group upgraded shares of Genesee & Wyoming from an “underperform” rating to a “neutral” rating and raised their target price for the company from $75.00 to $112.00 in a research note on Monday, July 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Genesee & Wyoming currently has a consensus rating of “Hold” and a consensus target price of $102.81.

The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 28.86 and a beta of 1.34. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.62. The company’s 50 day simple moving average is $110.63 and its two-hundred day simple moving average is $101.61.

Genesee & Wyoming (NYSE:GWR) last announced its earnings results on Wednesday, August 7th. The transportation company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.04). The firm had revenue of $571.48 million during the quarter, compared to analyst estimates of $594.19 million. Genesee & Wyoming had a net margin of 9.33% and a return on equity of 6.41%. Analysts anticipate that Genesee & Wyoming Inc will post 4.31 EPS for the current year.

In other Genesee & Wyoming news, insider John C. Hellmann sold 23,469 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $2,581,590.00. Following the completion of the sale, the insider now directly owns 445,316 shares in the company, valued at $48,984,760. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.72% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Genesee & Wyoming by 4.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,404 shares of the transportation company’s stock valued at $376,000 after buying an additional 148 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Genesee & Wyoming in the third quarter valued at $260,000. Oakbrook Investments LLC purchased a new position in Genesee & Wyoming in the third quarter valued at $348,000. Syquant Capital Sas purchased a new position in Genesee & Wyoming in the third quarter valued at $50,682,000. Finally, Assenagon Asset Management S.A. purchased a new position in Genesee & Wyoming in the third quarter valued at $38,451,000. Institutional investors own 91.58% of the company’s stock.

Genesee & Wyoming Company Profile (NYSE:GWR)

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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