Alpine Woods Capital Investors LLC cut its position in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 39,300 shares of the transportation company’s stock after selling 1,900 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Genesee & Wyoming were worth $2,688,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in shares of Genesee & Wyoming by 0.5% in the second quarter. Advisors Asset Management Inc. now owns 7,676 shares of the transportation company’s stock worth $525,000 after buying an additional 35 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Genesee & Wyoming by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 4,963 shares of the transportation company’s stock worth $339,000 after buying an additional 89 shares during the period. Monarch Partners Asset Management LLC raised its stake in shares of Genesee & Wyoming by 381.5% in the second quarter. Monarch Partners Asset Management LLC now owns 285,610 shares of the transportation company’s stock worth $19,533,000 after buying an additional 226,289 shares during the period. Arizona State Retirement System raised its stake in shares of Genesee & Wyoming by 1.6% in the second quarter. Arizona State Retirement System now owns 25,900 shares of the transportation company’s stock worth $1,771,000 after buying an additional 400 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Genesee & Wyoming by 10.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 240,855 shares of the transportation company’s stock worth $16,473,000 after buying an additional 22,636 shares during the period. Institutional investors and hedge funds own 95.26% of the company’s stock.

Shares of Genesee & Wyoming, Inc. (NYSE:GWR) opened at 66.90 on Tuesday. Genesee & Wyoming, Inc. has a one year low of $61.44 and a one year high of $80.73. The company has a 50 day moving average price of $67.31 and a 200 day moving average price of $68.19. The company has a market cap of $4.17 billion, a P/E ratio of 29.32 and a beta of 1.71.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a return on equity of 6.32% and a net margin of 6.64%. The firm had revenue of $540.43 million for the quarter, compared to analyst estimates of $539.59 million. During the same period in the previous year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Genesee & Wyoming, Inc. will post $3.00 earnings per share for the current year.

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A number of brokerages have weighed in on GWR. Zacks Investment Research lowered Genesee & Wyoming from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub lowered Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Cowen and Company restated a “buy” rating and set a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Finally, Bank of America Corporation upgraded Genesee & Wyoming from a “neutral” rating to a “buy” rating and raised their price objective for the company from $42.21 to $76.00 in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Genesee & Wyoming presently has an average rating of “Hold” and a consensus target price of $75.67.

In related news, insider Christopher F. Liucci sold 1,677 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $64.48, for a total transaction of $108,132.96. Following the transaction, the insider now directly owns 23,258 shares in the company, valued at $1,499,675.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert J. Neupaver purchased 1,560 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were purchased at an average price of $64.77 per share, for a total transaction of $101,041.20. Following the completion of the purchase, the director now directly owns 5,910 shares of the company’s stock, valued at $382,790.70. The disclosure for this purchase can be found here. Insiders have sold 8,407 shares of company stock worth $554,349 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.

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

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