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

Crewe Advisors LLC lowered its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 39.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,150 shares of the transportation company’s stock after selling 750 shares during the period. Crewe Advisors LLC’s holdings in Canadian National Railway were worth $136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth $47,980,000. CWM LLC grew its position in Canadian National Railway by 25.0% during the 4th quarter. CWM LLC now owns 3,730 shares of the transportation company’s stock worth $469,000 after acquiring an additional 747 shares during the last quarter. Mather Group LLC. grew its position in shares of Canadian National Railway by 108.8% in the 4th quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock worth $547,000 after buying an additional 2,267 shares during the last quarter. Van ECK Associates Corp increased its position in Canadian National Railway by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 151,874 shares of the transportation company’s stock valued at $19,100,000 after purchasing an additional 4,789 shares during the period. Finally, Mission Wealth Management LP purchased a new stake in shares of Canadian National Railway in the 4th quarter worth about $1,187,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CNI. National Bank Financial raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Stephens cut their price objective on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Stifel Nicolaus reduced their target price on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Sanford C. Bernstein downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Finally, Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Sixteen analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $138.35.

Canadian National Railway Price Performance

CNI stock traded up $0.87 during trading on Friday, hitting $117.82. The stock had a trading volume of 1,406,982 shares, compared to its average volume of 1,063,479. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company’s 50 day moving average price is $116.29 and its two-hundred day moving average price is $123.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The stock has a market cap of $74.19 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period last year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian National Railway will post 5.63 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a $0.614 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.08%. Canadian National Railway’s dividend payout ratio is presently 39.23%.

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.