Standard Life Aberdeen plc lessened its stake in shares of Genesee & Wyoming Inc (NYSE:GWR) by 35.2% during the 4th quarter, HoldingsChannel reports. The fund owned 16,400 shares of the transportation company’s stock after selling 8,900 shares during the period. Standard Life Aberdeen plc’s holdings in Genesee & Wyoming were worth $1,207,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jupiter Asset Management Ltd. boosted its position in Genesee & Wyoming by 2.1% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 111,064 shares of the transportation company’s stock valued at $10,175,000 after acquiring an additional 2,291 shares in the last quarter. Man Group plc boosted its position in Genesee & Wyoming by 64.9% during the 3rd quarter. Man Group plc now owns 34,386 shares of the transportation company’s stock valued at $3,129,000 after acquiring an additional 13,528 shares in the last quarter. Commonwealth Bank of Australia bought a new stake in Genesee & Wyoming during the 3rd quarter valued at $373,000. Canada Pension Plan Investment Board boosted its position in Genesee & Wyoming by 26.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 318,106 shares of the transportation company’s stock valued at $23,544,000 after acquiring an additional 66,100 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Genesee & Wyoming during the 3rd quarter valued at $1,450,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.
Genesee & Wyoming stock opened at $85.46 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.87 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.48 and a beta of 1.58. Genesee & Wyoming Inc has a 1-year low of $67.61 and a 1-year high of $92.91.
Several analysts have issued reports on the company. Cowen reaffirmed an “outperform” rating and set a $87.00 target price (down previously from $92.00) on shares of Genesee & Wyoming in a research report on Thursday, February 7th. Zacks Investment Research raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Morgan Stanley set a $69.00 target price on Genesee & Wyoming and gave the company a “sell” rating in a research report on Friday, February 8th. Finally, Stephens cut Genesee & Wyoming from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $95.00 to $83.00 in a research report on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $86.00.
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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