Institute for Wealth Management LLC. Sells 335 Shares of Genesee & Wyoming Inc (NYSE:GWR)

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Institute for Wealth Management LLC. reduced its position in Genesee & Wyoming Inc (NYSE:GWR) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,196 shares of the transportation company’s stock after selling 335 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Genesee & Wyoming were worth $1,220,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Genesee & Wyoming by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,625,037 shares of the transportation company’s stock valued at $120,287,000 after purchasing an additional 34,236 shares in the last quarter. Norges Bank purchased a new stake in Genesee & Wyoming in the fourth quarter valued at approximately $27,752,000. Janus Henderson Group PLC raised its stake in Genesee & Wyoming by 2.3% in the first quarter. Janus Henderson Group PLC now owns 362,271 shares of the transportation company’s stock valued at $31,568,000 after purchasing an additional 8,135 shares in the last quarter. WINTON GROUP Ltd raised its stake in Genesee & Wyoming by 28.3% in the second quarter. WINTON GROUP Ltd now owns 195,437 shares of the transportation company’s stock valued at $19,544,000 after purchasing an additional 43,095 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Genesee & Wyoming by 3.5% in the first quarter. California Public Employees Retirement System now owns 153,503 shares of the transportation company’s stock valued at $13,376,000 after purchasing an additional 5,259 shares in the last quarter. Institutional investors own 90.61% of the company’s stock.

A number of equities research analysts recently weighed in on GWR shares. ValuEngine raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. Stifel Nicolaus downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 target price on the stock. in a research note on Monday, July 1st. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “hold” rating to a “sell” rating and set a $114.00 target price on the stock. in a research note on Tuesday, July 2nd. Finally, Cowen reaffirmed an “outperform” rating and issued a $112.00 target price (up from $96.00) on shares of Genesee & Wyoming in a research note on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Genesee & Wyoming currently has an average rating of “Hold” and an average price target of $102.81.

Shares of GWR stock traded up $0.08 during trading hours on Friday, hitting $110.08. 633,300 shares of the company’s stock were exchanged, compared to its average volume of 1,116,346. The company has a market capitalization of $6.27 billion, a PE ratio of 28.59 and a beta of 1.33. Genesee & Wyoming Inc has a 12-month low of $68.27 and a 12-month high of $110.72. The business’s 50 day simple moving average is $109.00 and its 200-day simple moving average is $93.23. 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 Company Profile

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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