Genesee & Wyoming, Inc. (GWR) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan decreased its stake in Genesee & Wyoming, Inc. (NYSE:GWR) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,610 shares of the transportation company’s stock after selling 5,140 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Genesee & Wyoming were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Genesee & Wyoming by 46.5% in the second quarter. Wells Fargo & Company MN now owns 474,432 shares of the transportation company’s stock worth $32,446,000 after acquiring an additional 150,628 shares during the last quarter. Morgan Stanley grew its stake in shares of Genesee & Wyoming by 9.2% in the first quarter. Morgan Stanley now owns 164,937 shares of the transportation company’s stock worth $11,192,000 after acquiring an additional 13,839 shares during the last quarter. Schwab Charles Investment Management Inc. grew 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 acquiring an additional 22,636 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Genesee & Wyoming by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 182,907 shares of the transportation company’s stock worth $12,504,000 after acquiring an additional 4,315 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Genesee & Wyoming in the second quarter worth $132,357,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

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Shares of Genesee & Wyoming, Inc. (NYSE GWR) opened at $72.66 on Friday. Genesee & Wyoming, Inc. has a 52 week low of $61.44 and a 52 week high of $80.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.30. The firm has a market cap of $4,529.33, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 3.79 and a beta of 1.78.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.02). The business had revenue of $576.90 million for the quarter, compared to analyst estimates of $573.60 million. Genesee & Wyoming had a return on equity of 5.80% and a net margin of 6.10%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. equities analysts forecast that Genesee & Wyoming, Inc. will post 2.9 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on GWR shares. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Cowen and Company restated a “buy” rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, September 12th. Stifel Nicolaus reiterated a “hold” rating and set a $76.00 price target on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Bank of America Corporation lifted their price target on shares of Genesee & Wyoming from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $80.20.

In other Genesee & Wyoming news, EVP Matthew O. Walsh sold 3,808 shares of Genesee & Wyoming stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $67.03, for a total transaction of $255,250.24. Following the completion of the transaction, the executive vice president now directly owns 105,722 shares of the company’s stock, valued at $7,086,545.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David A. Brown sold 4,156 shares of Genesee & Wyoming stock in a transaction on Monday, August 28th. The shares were sold at an average price of $66.19, for a total value of $275,085.64. Following the transaction, the chief operating officer now directly owns 31,416 shares of the company’s stock, valued at $2,079,425.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,858 shares of company stock valued at $1,719,452. Company insiders own 3.45% of the company’s stock.

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.

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

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