Treasurer of the State of North Carolina trimmed its holdings in shares of Genesee & Wyoming Inc (NYSE:GWR) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,603 shares of the transportation company’s stock after selling 740 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Genesee & Wyoming were worth $2,660,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GWR. Advisory Services Network LLC raised its stake in shares of Genesee & Wyoming by 482.0% during the 2nd quarter. Advisory Services Network LLC now owns 291 shares of the transportation company’s stock worth $29,000 after buying an additional 241 shares during the period. Prudential Financial Inc. raised its stake in shares of Genesee & Wyoming by 6.5% during the 2nd quarter. Prudential Financial Inc. now owns 35,443 shares of the transportation company’s stock worth $35,000 after buying an additional 2,160 shares during the period. Parallel Advisors LLC raised its stake in shares of Genesee & Wyoming by 196.2% during the 2nd quarter. Parallel Advisors LLC now owns 391 shares of the transportation company’s stock worth $39,000 after buying an additional 259 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Genesee & Wyoming during the 2nd quarter worth approximately $54,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Genesee & Wyoming during the 2nd quarter worth approximately $56,000. 91.44% of the stock is owned by institutional investors and hedge funds.

In related news, insider John C. Hellmann sold 23,469 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $110.00, for a total value of $2,581,590.00. Following the completion of the transaction, the insider now directly owns 445,316 shares of the company’s stock, valued at approximately $48,984,760. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.72% of the stock is currently owned by corporate insiders.

NYSE GWR opened at $110.39 on Wednesday. The business has a fifty day moving average price of $110.61 and a 200 day moving average price of $100.38. Genesee & Wyoming Inc has a one year low of $68.27 and a one year high of $110.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 1.09. The company has a market cap of $6.29 billion, a P/E ratio of 28.67 and a beta of 1.34.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Wednesday, August 7th. The transportation company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.04). Genesee & Wyoming had a net margin of 9.33% and a return on equity of 6.41%. The firm had revenue of $571.48 million during the quarter, compared to analyst estimates of $594.19 million. As a group, sell-side analysts predict that Genesee & Wyoming Inc will post 4.31 EPS for the current fiscal year.

GWR has been the subject of several research analyst reports. Cowen reaffirmed an “outperform” rating and set a $112.00 target price (up from $96.00) on shares of Genesee & Wyoming in a research note on Tuesday, July 2nd. Stifel Nicolaus downgraded 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. Credit Suisse Group raised Genesee & Wyoming from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $112.00 in a research note on Monday, July 1st. Zacks Investment Research downgraded 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. Finally, ValuEngine downgraded Genesee & Wyoming from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $102.81.

Genesee & Wyoming 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.

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

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