Crewe Advisors LLC Sells 750 Shares of Canadian National Railway (NYSE:CNI)

Crewe Advisors LLC cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 65.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400 shares of the transportation company’s stock after selling 750 shares during the quarter. Crewe Advisors LLC’s holdings in Canadian National Railway were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CNI. 1832 Asset Management L.P. boosted its holdings in Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after acquiring an additional 674,536 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its position in shares of Canadian National Railway by 1.2% during the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock valued at $1,017,315,000 after buying an additional 99,716 shares during the period. Fiera Capital Corp raised its stake in Canadian National Railway by 0.7% in the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after buying an additional 39,063 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Canadian National Railway by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock worth $570,667,000 after buying an additional 120,453 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after acquiring an additional 202,303 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 1.9 %

NYSE CNI opened at $111.24 on Monday. The stock’s 50-day moving average price is $113.14 and its 200-day moving average price is $117.11. The company has a market capitalization of $70.06 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 2.51 and a beta of 0.89. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 52 week low of $105.28 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. On average, equities research analysts predict that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research reports. Susquehanna decreased their price objective on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Barclays raised their price objective on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Bank of America cut Canadian National Railway from a “buy” rating to a “neutral” rating and cut their target price for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Finally, Evercore ISI lowered their price target on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $125.48.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.