Profund Advisors LLC Trims Holdings in Genesee & Wyoming Inc (NYSE:GWR)

Profund Advisors LLC reduced its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,898 shares of the transportation company’s stock after selling 485 shares during the quarter. Profund Advisors LLC’s holdings in Genesee & Wyoming were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in Genesee & Wyoming by 1.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,800 shares of the transportation company’s stock worth $980,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Genesee & Wyoming by 1.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,410 shares of the transportation company’s stock worth $1,041,000 after buying an additional 110 shares during the last quarter. Retirement Systems of Alabama lifted its position in Genesee & Wyoming by 0.3% in the second quarter. Retirement Systems of Alabama now owns 73,511 shares of the transportation company’s stock worth $7,351,000 after buying an additional 237 shares during the last quarter. Advisory Services Network LLC lifted its position in Genesee & Wyoming by 482.0% in the second quarter. Advisory Services Network LLC now owns 291 shares of the transportation company’s stock worth $29,000 after buying an additional 241 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Genesee & Wyoming by 196.2% during the second quarter. Parallel Advisors LLC now owns 391 shares of the transportation company’s stock worth $39,000 after purchasing an additional 259 shares during the last quarter. 91.44% of the stock is owned by institutional investors and hedge funds.

Shares of Genesee & Wyoming stock traded up $0.01 during trading on Thursday, hitting $110.51. 5,315 shares of the stock traded hands, compared to its average volume of 500,938. The firm has a market cap of $6.29 billion, a P/E ratio of 28.70 and a beta of 1.35. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. Genesee & Wyoming Inc has a 52-week low of $68.27 and a 52-week high of $110.99. The stock’s fifty day simple moving average is $110.29 and its 200 day simple moving average is $97.69.

Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Wednesday, August 7th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.04). Genesee & Wyoming had a net margin of 9.33% and a return on equity of 6.41%. The company had revenue of $571.48 million during the quarter, compared to analysts’ expectations of $594.19 million. As a group, equities analysts expect that Genesee & Wyoming Inc will post 4.34 EPS for the current year.

In related news, insider John C. Hellmann sold 23,469 shares of Genesee & Wyoming stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $110.00, for a total transaction of $2,581,590.00. Following the completion of the sale, the insider now owns 445,316 shares of the company’s stock, valued at $48,984,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is owned by insiders.

GWR has been the subject of several research analyst reports. Zacks Investment Research downgraded Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 target price for the company. in a research report on Tuesday, July 2nd. Stifel Nicolaus downgraded Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 target price for the company. in a research report on Monday, July 1st. Stephens set a $112.00 target price on Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st. Cowen reiterated an “outperform” rating and set a $112.00 target price (up from $96.00) on shares of Genesee & Wyoming in a research report on Tuesday, July 2nd. Finally, Credit Suisse Group upgraded Genesee & Wyoming from an “underperform” rating to a “neutral” rating and raised their price target for the company from $75.00 to $112.00 in a research note on Monday, July 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.81.

About Genesee & Wyoming

Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

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

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