Genesee & Wyoming Inc (NYSE:GWR) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in Genesee & Wyoming Inc (NYSE:GWR) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,391 shares of the transportation company’s stock after selling 5,060 shares during the quarter. First Trust Advisors LP owned approximately 0.22% of Genesee & Wyoming worth $11,014,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GWR. FMR LLC increased its holdings in Genesee & Wyoming by 14.1% in 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 during the last quarter. Norges Bank purchased a new position in Genesee & Wyoming in the fourth quarter valued at $27,752,000. Deutsche Bank AG increased its holdings in Genesee & Wyoming by 188.0% in 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 during the last quarter. Rare Infrastructure Ltd increased its holdings in Genesee & Wyoming by 18.1% in 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 during the last quarter. Finally, Gotham Asset Management LLC purchased a new position in Genesee & Wyoming in the fourth quarter valued at $9,667,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

NYSE GWR traded up $0.18 during trading hours on Friday, hitting $109.60. The company had a trading volume of 594,224 shares, compared to its average volume of 1,540,220. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.65. Genesee & Wyoming Inc has a 1-year low of $68.27 and a 1-year high of $110.72. The stock has a market cap of $6.23 billion, a P/E ratio of 28.47 and a beta of 1.34. The firm has a 50 day moving average of $101.78.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). Genesee & Wyoming had a net margin of 8.92% and a return on equity of 6.32%. The company had revenue of $558.10 million during the quarter, compared to analyst estimates of $566.71 million. During the same quarter in the prior year, the company earned $0.70 EPS. The business’s revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Genesee & Wyoming Inc will post 4.34 earnings per share for the current year.

Several research firms recently commented on GWR. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Credit Suisse Group reissued a “sell” rating and issued a $6.00 target price on shares of Deutsche Bank in a report on Monday, July 1st. Stifel Nicolaus increased their target price on Equinix from $505.00 to $542.00 and gave the company a “buy” rating in a report on Monday, July 1st. Stephens set a $112.00 target price on Genesee & Wyoming and gave the company a “hold” rating in a report on Monday, July 1st. Finally, Cowen reissued a “buy” rating on shares of Dicerna Pharmaceuticals in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $101.18.

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

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