Genesee & Wyoming Inc (NYSE:GWR) was the target of a large decline in short interest in July. As of July 31st, there was short interest totalling 1,212,600 shares, a decline of 37.2% from the June 30th total of 1,932,000 shares. Based on an average trading volume of 971,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.2% of the shares of the stock are short sold.

GWR stock traded down $0.04 on Tuesday, reaching $109.72. The company had a trading volume of 1,026,792 shares, compared to its average volume of 653,984. Genesee & Wyoming has a 1 year low of $68.27 and a 1 year high of $110.72. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $108.28. The company has a market capitalization of $6.25 billion, a P/E ratio of 28.50 and a beta of 1.33.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Genesee & Wyoming by 2.2% in 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 in the last quarter. Swiss National Bank grew its stake in shares of Genesee & Wyoming by 1.3% during the first quarter. Swiss National Bank now owns 106,450 shares of the transportation company’s stock valued at $9,276,000 after acquiring an additional 1,400 shares in the last quarter. Huntington National Bank grew its stake in shares of Genesee & Wyoming by 111.9% during the first quarter. Huntington National Bank now owns 1,136 shares of the transportation company’s stock valued at $99,000 after acquiring an additional 600 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Genesee & Wyoming by 5,197.6% during the first quarter. BNP Paribas Arbitrage SA now owns 55,943 shares of the transportation company’s stock valued at $4,875,000 after acquiring an additional 54,887 shares in the last quarter. Finally, Wedgewood Investors Inc. PA acquired a new stake in shares of Genesee & Wyoming during the first quarter valued at about $231,000. 90.61% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on GWR. ValuEngine raised Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Stifel Nicolaus lowered Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a research note on Monday, July 1st. Stephens set a $112.00 price target on Genesee & Wyoming and gave the stock a “hold” rating in a research note on Monday, July 1st. Credit Suisse Group raised Genesee & Wyoming from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $112.00 in a research note on Monday, July 1st. Finally, Zacks Investment Research lowered Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 price target on the stock. in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $102.81.

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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