Redpoint Investment Management Pty Ltd cut its holdings in shares of Genesee & Wyoming Inc (NYSE:GWR) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,296 shares of the transportation company’s stock after selling 894 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Genesee & Wyoming were worth $730,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GWR. Advisory Services Network LLC raised its holdings in shares of Genesee & Wyoming by 482.0% in the 2nd quarter. Advisory Services Network LLC now owns 291 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 241 shares during the period. Parallel Advisors LLC raised its holdings in shares of Genesee & Wyoming by 196.2% in the 2nd quarter. Parallel Advisors LLC now owns 391 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 259 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Genesee & Wyoming in the 2nd quarter valued at about $54,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Genesee & Wyoming in the 2nd quarter valued at about $56,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Genesee & Wyoming in the 1st quarter valued at about $204,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

In other Genesee & Wyoming news, insider John C. Hellmann sold 23,469 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $2,581,590.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. 2.72% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on GWR. Stifel Nicolaus cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 target price on the stock. in a report on Monday, July 1st. Cowen reaffirmed an “outperform” rating and issued a $112.00 target price (up from $96.00) on shares of Genesee & Wyoming in a report on Tuesday, July 2nd. Credit Suisse Group raised shares of Genesee & Wyoming from an “underperform” rating to a “neutral” rating and upped their target price for the company from $75.00 to $112.00 in a report on Monday, July 1st. ValuEngine raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the company a “hold” rating in a report on Monday, July 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Genesee & Wyoming presently has an average rating of “Hold” and a consensus target price of $102.81.

Genesee & Wyoming stock traded down $0.08 during trading hours on Thursday, hitting $110.82. The company had a trading volume of 5,341 shares, compared to its average volume of 1,053,524. The firm has a market cap of $6.30 billion, a PE ratio of 28.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.09 and a quick ratio of 0.99. Genesee & Wyoming Inc has a one year low of $68.27 and a one year high of $110.97. The firm has a 50-day moving average of $109.84 and a 200 day moving average of $94.87.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Wednesday, August 7th. The transportation company reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.04). The company had revenue of $571.48 million during the quarter, compared to the consensus estimate of $594.19 million. Genesee & Wyoming had a net margin of 9.33% and a return on equity of 6.41%. As a group, research analysts expect that Genesee & Wyoming Inc will post 4.34 earnings per share for the current year.

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.

Further Reading: What are Institutional Investors?

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

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