Palisade Capital Management LLC Boosted Its Genesee & Wyo INC (GWR) Position by $8.14 Million

October 13, 2018 - By Clifton Ray

Genesee & Wyoming Inc. (NYSE:GWR) LogoInvestors sentiment decreased to 0.88 in 2018 Q2. Its down 0.69, from 1.57 in 2018Q1. It dropped, as 31 investors sold GWR shares while 95 reduced holdings. 35 funds opened positions while 76 raised stakes. 52.39 million shares or 5.59% less from 55.49 million shares in 2018Q1 were reported. Castleark Mngmt Ltd Company invested in 2,750 shares. Ls Invest Advisors Ltd Llc holds 0.02% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR) for 3,398 shares. Swiss Bancorporation, Switzerland-based fund reported 107,350 shares. New England Rech And Management Inc has invested 0.28% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR). Utah Retirement reported 11,000 shares stake. Wellington Management Group Ltd Liability Partnership reported 5.73 million shares or 0.1% of all its holdings. Tocqueville Asset Mgmt Limited Partnership owns 3,350 shares. Blair William Co Il stated it has 34,990 shares. Jupiter Asset Limited holds 108,773 shares or 0.26% of its portfolio. Tcw stated it has 26,084 shares or 0.02% of all its holdings. Texas Permanent School Fund has 38,821 shares. National Bank & Trust Of Montreal Can reported 168,919 shares stake. Sg Americas Lc reported 26,258 shares. Gemmer Asset Management Limited stated it has 73 shares or 0% of all its holdings. Davenport Company Ltd Company invested 0.23% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR).

Since May 7, 2018, it had 0 buys, and 9 sales for $2.22 million activity. Fergus Allison M also sold $185,328 worth of Genesee & Wyoming Inc. (NYSE:GWR) shares. On Wednesday, August 29 the insider Brown David A sold $301,683. The insider HELLMANN JOHN C sold 11,467 shares worth $1.01M. Gallagher Timothy J had sold 4,116 shares worth $362,208 on Tuesday, August 14.

Palisade Capital Management Llc increased its stake in Genesee & Wyo Inc (GWR) by 16.79% based on its latest 2018Q2 regulatory filing with the SEC. Palisade Capital Management Llc bought 100,433 shares as the company’s stock rose 12.55% with the market. The hedge fund held 698,735 shares of the transportation company at the end of 2018Q2, valued at $56.82M, up from 598,302 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Genesee & Wyo Inc for a number of months, seems to be bullish on the $5.01 billion market cap company. The stock increased 1.07% or $0.88 during the last trading session, reaching $83.32. About 950,970 shares traded or 86.46% up from the average. Genesee & Wyoming Inc. (NYSE:GWR) has risen 24.89% since October 13, 2017 and is uptrending. It has outperformed by 9.27% the S&P500.

Palisade Capital Management Llc, which manages about $5.40B and $3.46 billion US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 8,946 shares to 3,546 shares, valued at $6.03 million in 2018Q2, according to the filing. It also reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 81,370 shares in the quarter, leaving it with 87,659 shares, and cut its stake in Huntington Bancshares Inc (NASDAQ:HBAN).

Another recent and important Genesee & Wyoming Inc. (NYSE:GWR) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For October 12, 2018” on October 12, 2018.

Genesee & Wyoming Inc. (NYSE:GWR) Ratings Coverage

Among 7 analysts covering Genesee \u0026 Wyoming (NYSE:GWR), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Genesee \u0026 Wyoming had 8 analyst reports since May 2, 2018 according to SRatingsIntel. The rating was downgraded by Bank of America to “Neutral” on Thursday, August 9. The company was maintained on Monday, July 30 by Raymond James. Citigroup maintained the stock with “Buy” rating in Monday, July 30 report. The rating was downgraded by JP Morgan on Friday, October 12 to “Neutral”. As per Monday, May 7, the company rating was maintained by Morgan Stanley. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, October 9. The firm earned “Outperform” rating on Wednesday, May 2 by Credit Suisse. The firm has “Buy” rating given on Thursday, May 24 by Stifel Nicolaus.

Genesee & Wyoming Inc. (NYSE:GWR) Institutional Positions Chart

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