Marshall Wace North America L.P. Has $628,000 Position in Genesee & Wyoming, Inc. (GWR)

Marshall Wace North America L.P. reduced its stake in Genesee & Wyoming, Inc. (NYSE:GWR) by 93.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,236 shares of the transportation company’s stock after selling 134,488 shares during the quarter. Marshall Wace North America L.P.’s holdings in Genesee & Wyoming were worth $628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in Genesee & Wyoming by 12.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 172,138 shares of the transportation company’s stock worth $11,681,000 after purchasing an additional 18,510 shares during the last quarter. BlackRock Inc. lifted its holdings in Genesee & Wyoming by 8,807.0% in the 1st quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock worth $341,280,000 after purchasing an additional 4,972,702 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in Genesee & Wyoming by 2.1% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 14,929 shares of the transportation company’s stock worth $1,013,000 after purchasing an additional 305 shares during the last quarter. Morgan Stanley lifted its holdings in Genesee & Wyoming by 9.2% in the 1st quarter. Morgan Stanley now owns 164,937 shares of the transportation company’s stock worth $11,192,000 after purchasing an additional 13,839 shares during the last quarter. Finally, RMB Capital Management LLC lifted its holdings in Genesee & Wyoming by 4.0% in the 1st quarter. RMB Capital Management LLC now owns 310,964 shares of the transportation company’s stock worth $21,102,000 after purchasing an additional 11,932 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

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Genesee & Wyoming, Inc. (GWR) opened at 70.79 on Wednesday. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 31.02 and a beta of 1.70. Genesee & Wyoming, Inc. has a 52 week low of $61.44 and a 52 week high of $80.73. The company has a 50 day moving average price of $66.99 and a 200-day moving average price of $67.18.

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

In related news, COO David A. Brown sold 4,156 shares of Genesee & Wyoming stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $66.19, for a total transaction of $275,085.64. Following the completion of the sale, the chief operating officer now directly owns 31,416 shares of the company’s stock, valued at approximately $2,079,425.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy J. Gallagher sold 5,073 shares of Genesee & Wyoming stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $66.84, for a total value of $339,079.32. Following the sale, the chief financial officer now directly owns 56,951 shares of the company’s stock, valued at $3,806,604.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,931 shares of company stock valued at $2,058,531. 3.80% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on the company. BidaskClub lowered Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Morgan Stanley reiterated an “equal weight” rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. Finally, Cowen and Company reiterated a “buy” rating and set a $75.00 price target on shares of Genesee & Wyoming in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Genesee & Wyoming has a consensus rating of “Hold” and an average target price of $75.67.

Genesee & Wyoming 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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