BlackRock Inc. cut its stake in Genesee & Wyoming Inc (NYSE:GWR) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,030,954 shares of the transportation company’s stock after selling 142,693 shares during the period. BlackRock Inc. owned approximately 8.86% of Genesee & Wyoming worth $438,395,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Genesee & Wyoming by 14.1% during the fourth quarter. FMR LLC now owns 3,534,262 shares of the transportation company’s stock valued at $261,606,000 after buying an additional 436,218 shares in the last quarter. Norges Bank acquired a new position in Genesee & Wyoming during the fourth quarter valued at approximately $27,752,000. Deutsche Bank AG lifted its position in Genesee & Wyoming by 188.0% during the fourth quarter. Deutsche Bank AG now owns 270,985 shares of the transportation company’s stock valued at $20,056,000 after buying an additional 176,901 shares in the last quarter. Rare Infrastructure Ltd lifted its position in Genesee & Wyoming by 18.1% during the fourth quarter. Rare Infrastructure Ltd now owns 1,074,858 shares of the transportation company’s stock valued at $79,561,000 after buying an additional 164,456 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in shares of Genesee & Wyoming during the fourth quarter valued at approximately $9,667,000. 91.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE GWR traded up $8.85 during trading hours on Monday, hitting $108.85. The stock had a trading volume of 12,149,934 shares, compared to its average volume of 523,302. The firm has a market capitalization of $5.69 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.65 and a beta of 1.34. The company’s 50-day moving average price is $93.49. Genesee & Wyoming Inc has a 52 week low of $68.27 and a 52 week high of $109.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.65.
GWR has been the topic of a number of analyst reports. Raymond James lowered shares of Genesee & Wyoming from a “strong-buy” rating to a “market perform” rating in a research note on Monday, April 15th. ValuEngine upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Credit Suisse Group upgraded shares of Genesee & Wyoming from an “underperform” rating to a “neutral” rating in a research note on Monday. Cowen reaffirmed an “outperform” rating and issued a $96.00 price objective (up previously from $87.00) on shares of Genesee & Wyoming in a report on Wednesday, May 1st. Finally, Stifel Nicolaus downgraded Genesee & Wyoming from a “buy” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Genesee & Wyoming presently has a consensus rating of “Hold” and a consensus target price of $87.52.
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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