TIAA CREF Investment Management LLC increased its position in Genesee & Wyoming, Inc. (NYSE:GWR) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,312 shares of the transportation company’s stock after buying an additional 41,958 shares during the period. TIAA CREF Investment Management LLC owned about 0.62% of Genesee & Wyoming worth $26,215,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GWR. Great West Life Assurance Co. Can raised its position in shares of Genesee & Wyoming by 7.8% in the first quarter. Great West Life Assurance Co. Can now owns 36,882 shares of the transportation company’s stock valued at $2,502,000 after buying an additional 2,671 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Genesee & Wyoming by 0.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 13,118 shares of the transportation company’s stock valued at $890,000 after buying an additional 107 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Genesee & Wyoming by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 664,654 shares of the transportation company’s stock valued at $45,105,000 after buying an additional 38,026 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Genesee & Wyoming by 34.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the transportation company’s stock valued at $166,000 after buying an additional 631 shares during the last quarter. Finally, World Asset Management Inc raised its position in shares of Genesee & Wyoming by 7.3% in the first quarter. World Asset Management Inc now owns 3,790 shares of the transportation company’s stock valued at $257,000 after buying an additional 258 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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Shares of Genesee & Wyoming, Inc. (NYSE:GWR) opened at 72.82 on Friday. The stock has a market capitalization of $4.54 billion, a P/E ratio of 31.91 and a beta of 1.70. Genesee & Wyoming, Inc. has a 12-month low of $61.44 and a 12-month high of $80.73. The company has a 50-day moving average of $67.77 and a 200-day moving average of $67.02.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $540.43 million for the quarter, compared to analyst estimates of $539.59 million. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. Equities analysts expect that Genesee & Wyoming, Inc. will post $3.00 earnings per share for the current fiscal year.

In related news, CFO Timothy J. Gallagher sold 5,073 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were 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 of the company’s stock, valued at $3,806,604.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David A. Brown sold 4,156 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $66.19, for a total transaction of $275,085.64. Following the transaction, the chief operating officer now directly owns 31,416 shares in the company, valued at approximately $2,079,425.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,931 shares of company stock worth $2,058,531. Insiders own 3.80% of the company’s stock.

A number of research firms have recently weighed in on GWR. Cowen and Company reissued a “buy” rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Monday, July 17th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. One equities 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 company. The stock currently has an average rating of “Hold” and a consensus target price of $75.67.

About Genesee & Wyoming

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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