Russell Investments Group Ltd. decreased its holdings in shares of Genesee & Wyoming Inc (NYSE:GWR) by 21.2% in the third quarter, HoldingsChannel.com reports. The firm owned 170,442 shares of the transportation company’s stock after selling 45,811 shares during the quarter. Russell Investments Group Ltd.’s holdings in Genesee & Wyoming were worth $15,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Harbour Group L.P. bought a new position in shares of Genesee & Wyoming in the second quarter valued at approximately $75,463,000. DF Dent & Co. Inc. raised its stake in shares of Genesee & Wyoming by 0.3% in the second quarter. DF Dent & Co. Inc. now owns 873,795 shares of the transportation company’s stock valued at $71,057,000 after acquiring an additional 2,812 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Genesee & Wyoming by 8.1% in the second quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock valued at $55,919,000 after acquiring an additional 51,438 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Genesee & Wyoming by 6.8% in the second quarter. Victory Capital Management Inc. now owns 541,168 shares of the transportation company’s stock valued at $44,008,000 after acquiring an additional 34,411 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Genesee & Wyoming by 12.1% in the second quarter. Northern Trust Corp now owns 539,330 shares of the transportation company’s stock valued at $43,858,000 after acquiring an additional 58,230 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Shares of Genesee & Wyoming stock opened at $81.09 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.33 and a quick ratio of 1.22. The company has a market capitalization of $4.95 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.21 and a beta of 1.71. Genesee & Wyoming Inc has a fifty-two week low of $67.61 and a fifty-two week high of $92.91.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $603.30 million during the quarter, compared to analyst estimates of $594.40 million. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. Genesee & Wyoming’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. Equities analysts predict that Genesee & Wyoming Inc will post 3.85 earnings per share for the current fiscal year.

GWR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating and set a $96.00 target price for the company in a research note on Thursday, October 11th. Citigroup lifted their target price on shares of Genesee & Wyoming from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Morgan Stanley lifted their target price on shares of Genesee & Wyoming from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 9th. Cowen reiterated a “buy” rating and issued a $92.00 target price on shares of Genesee & Wyoming in a research note on Wednesday, October 31st. Finally, JPMorgan Chase & Co. cut shares of Genesee & Wyoming from an “overweight” rating to a “neutral” rating in a research note on Friday, October 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Genesee & Wyoming has an average rating of “Hold” and an average target price of $87.70.

In related news, General Counsel Allison M. Fergus sold 2,106 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $88.00, for a total value of $185,328.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John C. Hellmann sold 11,467 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $88.01, for a total transaction of $1,009,210.67. Following the completion of the sale, the insider now directly owns 399,407 shares of the company’s stock, valued at approximately $35,151,810.07. The disclosure for this sale can be found here. In the last three months, insiders sold 22,255 shares of company stock valued at $1,959,907. 2.41% of the stock is currently owned by company insiders.

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Genesee & Wyoming Profile

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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