Paloma Partners Management Co reduced its position in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,219 shares of the transportation company’s stock after selling 5,589 shares during the period. Paloma Partners Management Co’s holdings in Genesee & Wyoming were worth $1,033,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC increased its stake in Genesee & Wyoming by 12.0% in the first quarter. Parametric Portfolio Associates LLC now owns 172,138 shares of the transportation company’s stock worth $11,681,000 after buying an additional 18,510 shares during the last quarter. Macquarie Group Ltd. increased its stake in Genesee & Wyoming by 127.6% in the fourth quarter. Macquarie Group Ltd. now owns 80,178 shares of the transportation company’s stock worth $5,566,000 after buying an additional 44,953 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in Genesee & Wyoming during the first quarter worth about $5,033,000. BlackRock Inc. increased its stake in Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock worth $341,280,000 after buying an additional 4,972,702 shares during the last quarter. Finally, Norges Bank bought a new stake in Genesee & Wyoming during the fourth quarter worth about $34,199,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Genesee & Wyoming, Inc. (NYSE GWR) traded up 0.92% on Thursday, hitting $66.60. 316,507 shares of the stock were exchanged. Genesee & Wyoming, Inc. has a one year low of $61.44 and a one year high of $80.73. The company’s 50 day moving average price is $67.28 and its 200-day moving average price is $68.71. The company has a market cap of $4.10 billion, a P/E ratio of 28.71 and a beta of 1.71.

Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a return on equity of 6.48% and a net margin of 6.64%. The company had revenue of $540.43 million for the quarter, compared to the consensus estimate of $539.59 million. During the same quarter last year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Genesee & Wyoming, Inc. will post $3.00 EPS for the current fiscal year.

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Several research firms have issued reports on GWR. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 4th. Bank of America Corporation upgraded shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.21 to $76.00 in a research note on Wednesday, April 19th. BidaskClub upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated a “hold” rating on shares of Genesee & Wyoming in a research note on Tuesday, April 11th. Finally, Cowen and Company decreased their price objective on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.67.

In other Genesee & Wyoming news, insider Christopher F. Liucci sold 1,677 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $64.48, for a total transaction of $108,132.96. Following the transaction, the insider now owns 23,258 shares in the company, valued at $1,499,675.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Albert J. Neupaver purchased 1,560 shares of the stock in a transaction on Wednesday, May 24th. The shares were bought at an average price of $64.77 per share, for a total transaction of $101,041.20. Following the acquisition, the director now owns 5,910 shares of the company’s stock, valued at $382,790.70. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 8,407 shares of company stock worth $554,349. Corporate insiders own 3.80% of the company’s stock.

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.

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

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