Genesee & Wyoming Inc (NYSE:GWR) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its holdings in shares of Genesee & Wyoming Inc (NYSE:GWR) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,100 shares of the transportation company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Genesee & Wyoming were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GWR. JPMorgan Chase & Co. increased its position in Genesee & Wyoming by 174.1% during the third quarter. JPMorgan Chase & Co. now owns 156,511 shares of the transportation company’s stock worth $14,242,000 after acquiring an additional 99,403 shares during the period. Jane Street Group LLC bought a new position in Genesee & Wyoming during the third quarter worth about $692,000. The Manufacturers Life Insurance Company increased its position in Genesee & Wyoming by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 98,525 shares of the transportation company’s stock worth $8,965,000 after acquiring an additional 2,809 shares during the period. Man Group plc grew its stake in Genesee & Wyoming by 64.9% during the third quarter. Man Group plc now owns 34,386 shares of the transportation company’s stock worth $3,129,000 after buying an additional 13,528 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Genesee & Wyoming by 14.2% during the third quarter. Advisors Asset Management Inc. now owns 8,800 shares of the transportation company’s stock worth $801,000 after buying an additional 1,096 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

GWR traded up $0.75 during mid-day trading on Friday, reaching $86.41. 231,911 shares of the stock were exchanged, compared to its average volume of 344,829. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.17 and a quick ratio of 1.06. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.41 and a beta of 1.57. Genesee & Wyoming Inc has a 1 year low of $68.27 and a 1 year high of $92.91.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.03). The firm had revenue of $558.10 million for the quarter, compared to analysts’ expectations of $566.71 million. Genesee & Wyoming had a return on equity of 6.32% and a net margin of 8.92%. Genesee & Wyoming’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts anticipate that Genesee & Wyoming Inc will post 4.35 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Raymond James downgraded shares of Genesee & Wyoming from a “strong-buy” rating to a “market perform” rating in a research note on Monday, April 15th. ValuEngine upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Cowen restated an “outperform” rating and issued a $96.00 price target (up from $87.00) on shares of Genesee & Wyoming in a research note on Wednesday, May 1st. Bank of America lowered shares of Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price target for the company. in a report on Tuesday, April 30th. Finally, Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.52.

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

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