Canadian National Railway (NYSE:CNI) Stock Holdings Lessened by RS Crum Inc.

RS Crum Inc. lessened its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,830 shares of the transportation company’s stock after selling 215 shares during the period. RS Crum Inc.’s holdings in Canadian National Railway were worth $917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC increased its position in Canadian National Railway by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 82,561 shares of the transportation company’s stock valued at $10,874,000 after acquiring an additional 1,606 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Canadian National Railway by 2.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after purchasing an additional 100 shares during the period. Montchanin Asset Management LLC bought a new stake in shares of Canadian National Railway during the first quarter valued at about $216,000. Advisory Resource Group lifted its holdings in Canadian National Railway by 23.5% in the first quarter. Advisory Resource Group now owns 6,733 shares of the transportation company’s stock worth $887,000 after purchasing an additional 1,283 shares during the period. Finally, Wahed Invest LLC grew its position in Canadian National Railway by 39.6% in the 1st quarter. Wahed Invest LLC now owns 6,311 shares of the transportation company’s stock valued at $832,000 after buying an additional 1,789 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

CNI has been the topic of a number of research analyst reports. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. The Goldman Sachs Group cut their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Barclays lifted their target price on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Bank of America downgraded Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their target price for the company from $129.00 to $122.00 in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.48.

Canadian National Railway Stock Down 1.9 %

CNI opened at $109.66 on Wednesday. The company has a market capitalization of $69.06 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.53 and a beta of 0.89. The business has a 50-day moving average of $112.77 and a 200-day moving average of $116.88. Canadian National Railway has a fifty-two week low of $105.28 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Canadian National Railway will post 5.49 EPS for the current fiscal 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. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.23%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.26%.

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.