Lazard Asset Management LLC acquired a new stake in Genesee & Wyoming, Inc. (NYSE:GWR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,935,332 shares of the transportation company’s stock, valued at approximately $132,357,000. Lazard Asset Management LLC owned approximately 3.15% of Genesee & Wyoming as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Genesee & Wyoming by 8.4% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,546 shares of the transportation company’s stock valued at $105,000 after purchasing an additional 120 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Genesee & Wyoming by 15.2% in the 1st quarter. Neuburgh Advisers LLC now owns 1,696 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 224 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Genesee & Wyoming by 221.8% in the 2nd quarter. Global X Management Co. LLC now owns 1,947 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 1,342 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Genesee & Wyoming by 34.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 631 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Genesee & Wyoming in the 1st quarter valued at $186,000. 96.07% of the stock is owned by institutional investors.

In other Genesee & Wyoming news, General Counsel Allison M. Fergus sold 2,546 shares of Genesee & Wyoming stock in a transaction on Monday, August 28th. The shares were sold at an average price of $66.16, for a total transaction of $168,443.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John C. Hellmann sold 13,947 shares of Genesee & Wyoming stock in a transaction on Friday, August 25th. The stock was sold at an average price of $66.46, for a total transaction of $926,917.62. Following the transaction, the insider now directly owns 405,639 shares of the company’s stock, valued at $26,958,767.94. The disclosure for this sale can be found here. Insiders have sold 30,931 shares of company stock valued at $2,058,531 over the last ninety days. 3.80% of the stock is owned by insiders.

Shares of Genesee & Wyoming, Inc. (NYSE GWR) traded up 0.77% during midday trading on Monday, reaching $70.33. 67,998 shares of the company’s stock traded hands. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 30.82 and a beta of 1.70. The company has a 50-day moving average of $67.41 and a 200-day moving average of $67.17. Genesee & Wyoming, Inc. has a one year low of $61.44 and a one year high of $80.73.

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

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A number of equities research analysts have recently issued reports on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, September 12th. BidaskClub raised shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, July 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $75.67.

Genesee & Wyoming Company 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.

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

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