King Luther Capital Management Corp lowered its stake in Genesee & Wyoming, Inc. (NYSE:GWR) by 42.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,770 shares of the transportation company’s stock after selling 53,530 shares during the quarter. King Luther Capital Management Corp owned approximately 0.12% of Genesee & Wyoming worth $4,908,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its stake in Genesee & Wyoming by 0.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,676 shares of the transportation company’s stock valued at $525,000 after buying an additional 35 shares in the last quarter. Stephens Inc. AR lifted its stake in Genesee & Wyoming by 1.0% in the 1st quarter. Stephens Inc. AR now owns 7,825 shares of the transportation company’s stock valued at $531,000 after buying an additional 80 shares in the last quarter. 1st Global Advisors Inc. lifted its stake in Genesee & Wyoming by 2.7% in the 1st quarter. 1st Global Advisors Inc. now owns 3,305 shares of the transportation company’s stock valued at $224,000 after buying an additional 88 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Genesee & Wyoming by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,963 shares of the transportation company’s stock valued at $339,000 after buying an additional 89 shares in the last quarter. Finally, World Asset Management Inc lifted its stake in Genesee & Wyoming by 2.4% in the 2nd quarter. World Asset Management Inc now owns 3,881 shares of the transportation company’s stock valued at $265,000 after buying an additional 91 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

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

In other Genesee & Wyoming news, insider John C. Hellmann sold 13,947 shares of Genesee & Wyoming stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $66.46, for a total transaction of $926,917.62. Following the transaction, the insider now directly owns 405,639 shares in the company, valued at approximately $26,958,767.94. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $339,079.32. Following the transaction, the chief financial officer now owns 56,951 shares in the company, valued at $3,806,604.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,931 shares of company stock worth $2,058,531. Corporate insiders own 3.80% of the company’s stock.

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Genesee & Wyoming, Inc. (NYSE GWR) opened at 69.79 on Friday. The firm’s 50 day moving average price is $67.41 and its 200-day moving average price is $67.17. Genesee & Wyoming, Inc. has a 52 week low of $61.44 and a 52 week high of $80.73. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 30.58 and a beta of 1.70.

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

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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