M&T Bank Corp reduced its holdings in Genesee & Wyoming, Inc. (NYSE:GWR) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,649 shares of the transportation company’s stock after selling 1,275 shares during the period. M&T Bank Corp’s holdings in Genesee & Wyoming were worth $728,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GWR. BlackRock Inc. lifted its stake in Genesee & Wyoming by 8,807.0% in the 1st quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock worth $341,280,000 after acquiring an additional 4,972,702 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Genesee & Wyoming during the 2nd quarter worth about $132,357,000. Teachers Advisors LLC raised its stake in shares of Genesee & Wyoming by 586.6% during the 1st quarter. Teachers Advisors LLC now owns 411,667 shares of the transportation company’s stock worth $27,936,000 after purchasing an additional 351,710 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Genesee & Wyoming by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,600,739 shares of the transportation company’s stock worth $108,626,000 after purchasing an additional 250,941 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of Genesee & Wyoming by 14.7% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,935,100 shares of the transportation company’s stock worth $132,341,000 after purchasing an additional 247,900 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on GWR shares. Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, July 17th. Cowen and Company reaffirmed a “buy” rating and set a $75.00 price target 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, BidaskClub raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $75.67.

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In other news, insider John C. Hellmann sold 13,947 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $66.46, for a total transaction of $926,917.62. Following the completion of the transaction, the insider now directly owns 405,639 shares of the company’s stock, valued at $26,958,767.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher F. Liucci sold 1,401 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.92, for a total value of $93,754.92. Following the transaction, the insider now directly owns 22,982 shares of the company’s stock, valued at $1,537,955.44. 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. (GWR) opened at 72.67 on Thursday. The stock’s 50 day moving average price is $69.84 and its 200-day moving average price is $67.29. Genesee & Wyoming, Inc. has a 1-year low of $61.44 and a 1-year high of $80.73. The stock has a market capitalization of $4.53 billion, a P/E ratio of 31.84 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 consensus estimate of $0.73 by $0.07. The company had revenue of $540.43 million during the quarter, compared to analysts’ expectations of $539.59 million. Genesee & Wyoming had a return on equity of 6.32% and a net margin of 6.64%. Genesee & Wyoming’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior 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 fiscal year.

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)

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