King Luther Capital Management Corp Reduces Position in Genesee & Wyoming Inc (GWR)

King Luther Capital Management Corp lessened its holdings in shares of Genesee & Wyoming Inc (NYSE:GWR) by 4.7% during the 3rd quarter, Holdings Channel reports. The fund owned 39,115 shares of the transportation company’s stock after selling 1,950 shares during the quarter. King Luther Capital Management Corp’s holdings in Genesee & Wyoming were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in shares of Genesee & Wyoming by 30.9% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,057 shares of the transportation company’s stock worth $733,000 after acquiring an additional 1,900 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Genesee & Wyoming by 174.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 156,511 shares of the transportation company’s stock worth $14,242,000 after acquiring an additional 99,403 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Genesee & Wyoming by 212.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,610 shares of the transportation company’s stock worth $693,000 after acquiring an additional 5,171 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of Genesee & Wyoming by 6.5% during the 3rd quarter. William Blair Investment Management LLC now owns 1,489,154 shares of the transportation company’s stock worth $135,498,000 after acquiring an additional 90,948 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Genesee & Wyoming during the 3rd quarter worth $100,000. Institutional investors and hedge funds own 93.14% of the company’s stock.

Several research analysts have recently weighed in on GWR shares. ValuEngine upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Morgan Stanley lifted their price target on shares of Genesee & Wyoming from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating and set a $96.00 price target on the stock in a research note on Thursday, October 11th. JPMorgan Chase & Co. cut shares of Genesee & Wyoming from an “overweight” rating to a “neutral” rating in a research note on Friday, October 12th. Finally, Citigroup cut shares of Genesee & Wyoming from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $87.70.

Shares of GWR stock opened at $78.45 on Friday. The firm has a market cap of $4.73 billion, a PE ratio of 26.96, a PEG ratio of 1.19 and a beta of 1.75. Genesee & Wyoming Inc has a one year low of $67.61 and a one year high of $92.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.22 and a current ratio of 1.33.

Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.07. The firm had revenue of $603.30 million for the quarter, compared to the consensus estimate of $594.40 million. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. On average, equities analysts forecast that Genesee & Wyoming Inc will post 3.83 EPS for the current fiscal year.

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

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