Genesee & Wyoming Inc (GWR) Holdings Trimmed by Comerica Bank

Comerica Bank reduced its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,472 shares of the transportation company’s stock after selling 8,702 shares during the quarter. Comerica Bank’s holdings in Genesee & Wyoming were worth $9,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Wilshire Securities Management Inc. acquired a new position in Genesee & Wyoming during the second quarter worth about $203,000. FCA Corp TX acquired a new position in Genesee & Wyoming during the third quarter worth about $205,000. Wedgewood Investors Inc. PA acquired a new position in Genesee & Wyoming during the second quarter worth about $220,000. Raymond James Financial Services Advisors Inc. acquired a new position in Genesee & Wyoming during the second quarter worth about $258,000. Finally, Sawtooth Solutions LLC acquired a new position in Genesee & Wyoming during the second quarter worth about $270,000. Institutional investors own 92.42% of the company’s stock.

Shares of NYSE GWR opened at $82.13 on Friday. Genesee & Wyoming Inc has a 12-month low of $67.61 and a 12-month high of $92.91. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.71. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61.

Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. The company had revenue of $603.30 million for the quarter, compared to the consensus estimate of $594.40 million. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts predict that Genesee & Wyoming Inc will post 3.85 EPS for the current fiscal year.

GWR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating and set a $96.00 target price on the stock in a research report on Thursday, October 11th. Citigroup upped their target price on shares of Genesee & Wyoming from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Morgan Stanley upped their target price on shares of Genesee & Wyoming from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 9th. Cowen restated a “buy” rating and set a $92.00 target price on shares of Genesee & Wyoming in a research report on Wednesday, October 31st. Finally, JPMorgan Chase & Co. downgraded shares of Genesee & Wyoming from an “overweight” rating to a “neutral” rating in a report on Friday, October 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $87.70.

In other Genesee & Wyoming news, General Counsel Allison M. Fergus sold 2,106 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $88.00, for a total value of $185,328.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher F. Liucci sold 1,137 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $89.25, for a total transaction of $101,477.25. Following the completion of the sale, the insider now directly owns 19,326 shares in the company, valued at approximately $1,724,845.50. The disclosure for this sale can be found here. Insiders sold 22,255 shares of company stock worth $1,959,907 in the last ninety days. Insiders own 2.41% of the company’s stock.

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Genesee & Wyoming Company Profile

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.

Further Reading: Book Value Per Share in Stock Trading

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Institutional Ownership by Quarter for Genesee & Wyoming (NYSE:GWR)

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