Principal Financial Group Inc. grew its stake in shares of Genesee & Wyoming, Inc. (NYSE:GWR) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,491 shares of the transportation company’s stock after buying an additional 3,713 shares during the quarter. Principal Financial Group Inc. owned 0.41% of Genesee & Wyoming worth $17,199,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GWR. BlackRock Inc. grew its stake in shares of Genesee & Wyoming by 8,807.0% during the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock valued at $341,280,000 after buying an additional 4,972,702 shares during the last quarter. FMR LLC grew its stake in shares of Genesee & Wyoming by 21.1% during the first quarter. FMR LLC now owns 6,673,222 shares of the transportation company’s stock valued at $452,845,000 after buying an additional 1,160,510 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Genesee & Wyoming by 586.6% during the first quarter. Teachers Advisors LLC now owns 411,667 shares of the transportation company’s stock valued at $27,936,000 after buying an additional 351,710 shares during the last quarter. ACK Asset Management LLC bought a new position in shares of Genesee & Wyoming during the first quarter valued at about $21,381,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Genesee & Wyoming by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,600,739 shares of the transportation company’s stock valued at $108,626,000 after buying an additional 250,941 shares during the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider John C. Hellmann sold 13,947 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $66.46, for a total value of $926,917.62. Following the sale, the insider now directly owns 405,639 shares of the company’s stock, valued at approximately $26,958,767.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher F. Liucci sold 1,401 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.92, for a total transaction of $93,754.92. Following the completion of the sale, the insider now directly owns 22,982 shares in the company, valued at $1,537,955.44. The disclosure for this sale can be found here. Insiders sold a total of 30,931 shares of company stock worth $2,058,531 over the last three months. 3.80% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Principal Financial Group Inc. Buys 3,713 Shares of Genesee & Wyoming, Inc. (GWR)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/17/principal-financial-group-inc-buys-3713-shares-of-genesee-wyoming-inc-gwr.html.

Shares of Genesee & Wyoming, Inc. (NYSE:GWR) opened at 69.79 on Friday. Genesee & Wyoming, Inc. has a 1-year low of $61.44 and a 1-year high of $80.73. The company has a 50 day moving average price of $67.41 and a 200 day moving average price of $67.17. The company has a market capitalization of $4.35 billion, a PE ratio of 30.58 and a beta of 1.70.

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

GWR has been the topic of a number of recent research reports. BidaskClub raised Genesee & Wyoming from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Cowen and Company reaffirmed a “buy” rating and set a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, July 17th. 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’s stock. The company has an average rating of “Hold” and a consensus price target of $75.67.

Genesee & Wyoming Profile

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)

Receive News & Stock Ratings for Genesee & Wyoming Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesee & Wyoming Inc. and related stocks with our FREE daily email newsletter.