New Mexico Educational Retirement Board purchased a new stake in Genesee & Wyoming Inc (NYSE:GWR) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 15,230 shares of the transportation company’s stock, valued at approximately $1,199,000.
Several other institutional investors and hedge funds also recently made changes to their positions in GWR. Pinebridge Investments L.P. purchased a new position in shares of Genesee & Wyoming in the 3rd quarter valued at about $144,000. Sowell Financial Services LLC purchased a new position in shares of Genesee & Wyoming in the 3rd quarter valued at about $211,000. Wedgewood Investors Inc. PA purchased a new position in shares of Genesee & Wyoming in the 4th quarter valued at about $213,000. State of Alaska Department of Revenue purchased a new position in Genesee & Wyoming during the 4th quarter valued at about $283,000. Finally, US Bancorp DE increased its holdings in Genesee & Wyoming by 44.6% during the 4th quarter. US Bancorp DE now owns 3,636 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 1,122 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.
In other Genesee & Wyoming news, insider John C. Hellmann sold 12,332 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $73.71, for a total transaction of $908,991.72. Following the sale, the insider now directly owns 404,076 shares of the company’s stock, valued at approximately $29,784,441.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.45% of the stock is owned by company insiders.
Genesee & Wyoming Inc (GWR) opened at $70.85 on Thursday. Genesee & Wyoming Inc has a twelve month low of $61.44 and a twelve month high of $84.40. The firm has a market cap of $4,519.72, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. The company has a current ratio of 1.26, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Genesee & Wyoming had a net margin of 24.87% and a return on equity of 5.23%. The company had revenue of $571.60 million for the quarter, compared to analysts’ expectations of $566.73 million. During the same period last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities research analysts anticipate that Genesee & Wyoming Inc will post 3.89 earnings per share for the current fiscal year.
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Genesee & Wyoming Profile
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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