Municipal Employees Retirement System of Michigan Has $1.38 Million Position in Genesee & Wyoming Inc (GWR)

Municipal Employees Retirement System of Michigan reduced its holdings in Genesee & Wyoming Inc (NYSE:GWR) by 21.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,610 shares of the transportation company’s stock after selling 5,140 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Genesee & Wyoming were worth $1,377,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GWR. JPMorgan Chase & Co. increased its holdings in Genesee & Wyoming by 192.8% in the first quarter. JPMorgan Chase & Co. now owns 11,897 shares of the transportation company’s stock worth $808,000 after purchasing an additional 7,834 shares in the last quarter. Morgan Stanley increased its holdings in Genesee & Wyoming by 9.2% in the first quarter. Morgan Stanley now owns 164,937 shares of the transportation company’s stock worth $11,192,000 after purchasing an additional 13,839 shares in the last quarter. AQR Capital Management LLC increased its holdings in Genesee & Wyoming by 303.4% in the first quarter. AQR Capital Management LLC now owns 15,047 shares of the transportation company’s stock worth $1,021,000 after purchasing an additional 11,317 shares in the last quarter. Capstone Asset Management Co. increased its holdings in Genesee & Wyoming by 5.2% in the second quarter. Capstone Asset Management Co. now owns 5,083 shares of the transportation company’s stock worth $348,000 after purchasing an additional 250 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Genesee & Wyoming by 4.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,529 shares of the transportation company’s stock worth $1,541,000 after purchasing an additional 985 shares in the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.

GWR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Genesee & Wyoming from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Bank of America boosted their price objective on Genesee & Wyoming from $79.00 to $83.00 and gave the company a “buy” rating in a report on Friday, November 10th. Cowen restated a “buy” rating and set a $75.00 price objective on shares of Genesee & Wyoming in a report on Tuesday, September 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $76.00 price objective on shares of Genesee & Wyoming in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Genesee & Wyoming currently has a consensus rating of “Hold” and an average price target of $80.20.

Genesee & Wyoming Inc (GWR) traded up $1.18 during midday trading on Monday, hitting $79.48. The stock had a trading volume of 470,637 shares, compared to its average volume of 447,736. The company has a market capitalization of $4,884.67, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 4.08 and a beta of 1.80. Genesee & Wyoming Inc has a 52-week low of $61.44 and a 52-week high of $81.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.30.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.02). The firm had revenue of $576.90 million for the quarter, compared to the consensus estimate of $573.60 million. Genesee & Wyoming had a net margin of 6.10% and a return on equity of 5.80%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. equities analysts expect that Genesee & Wyoming Inc will post 2.9 EPS for the current year.

In related news, insider John C. Hellmann sold 12,332 shares of Genesee & Wyoming stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $73.71, for a total transaction of $908,991.72. Following the transaction, the insider now owns 404,076 shares of the company’s stock, valued at $29,784,441.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.45% of the stock is owned by insiders.

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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.

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

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