UBS Asset Management Americas Inc. Has $3.07 Million Stake in Genesee & Wyoming, Inc. (GWR)

UBS Asset Management Americas Inc. lifted its stake in Genesee & Wyoming, Inc. (NYSE:GWR) by 25.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,846 shares of the transportation company’s stock after buying an additional 8,988 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.07% of Genesee & Wyoming worth $3,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its position in shares of Genesee & Wyoming by 0.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,676 shares of the transportation company’s stock valued at $525,000 after buying an additional 35 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Genesee & Wyoming by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,963 shares of the transportation company’s stock valued at $339,000 after buying an additional 89 shares during the last quarter. World Asset Management Inc grew its position in shares of Genesee & Wyoming by 2.4% in the 2nd quarter. World Asset Management Inc now owns 3,881 shares of the transportation company’s stock valued at $265,000 after buying an additional 91 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Genesee & Wyoming by 0.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 54,072 shares of the transportation company’s stock valued at $3,669,000 after buying an additional 160 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. grew its position in shares of Genesee & Wyoming by 1.2% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 15,109 shares of the transportation company’s stock valued at $1,033,000 after buying an additional 180 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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

In related news, insider John C. Hellmann sold 13,947 shares of the company’s stock in a transaction on 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 $26,958,767.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy J. Gallagher sold 5,073 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $66.84, for a total transaction of $339,079.32. Following the completion of the sale, the chief financial officer now directly owns 56,951 shares in the company, valued at $3,806,604.84. The disclosure for this sale can be found here. Insiders sold 30,931 shares of company stock worth $2,058,531 over the last ninety days. 3.80% of the stock is currently owned by corporate insiders.

GWR has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Cowen and Company reaffirmed a “buy” rating and issued a $75.00 target price on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, July 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $75.67.

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.

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

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