1,900 Shares in Canadian National Railway (NYSE:CNI) Acquired by Crewe Advisors LLC

Crewe Advisors LLC acquired a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,900 shares of the transportation company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Canadian National Railway by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock valued at $2,813,534,000 after purchasing an additional 387,975 shares during the last quarter. Wellington Management Group LLP grew its holdings in Canadian National Railway by 9.6% during the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after purchasing an additional 1,907,938 shares during the last quarter. FIL Ltd grew its holdings in Canadian National Railway by 7.2% during the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock valued at $2,412,032,000 after purchasing an additional 1,280,726 shares during the last quarter. TD Asset Management Inc grew its holdings in Canadian National Railway by 2.8% during the fourth quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock valued at $1,471,733,000 after purchasing an additional 314,600 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in Canadian National Railway by 0.7% during the fourth quarter. 1832 Asset Management L.P. now owns 8,785,479 shares of the transportation company’s stock valued at $1,103,720,000 after purchasing an additional 61,752 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE CNI traded down $2.38 during midday trading on Thursday, reaching $113.42. 2,027,000 shares of the company traded hands, compared to its average volume of 1,086,443. The firm has a market cap of $71.73 billion, a PE ratio of 18.09, a PEG ratio of 2.28 and a beta of 0.89. The stock’s 50-day simple moving average is $121.52 and its 200-day simple moving average is $125.55. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.32%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 earnings per share. As a group, equities analysts anticipate that Canadian National Railway will post 5.84 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.614 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.17%. Canadian National Railway’s dividend payout ratio is 39.55%.

Analyst Ratings Changes

CNI has been the topic of several analyst reports. Barclays lowered their price target on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Susquehanna lowered their price objective on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, StockNews.com downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Eighteen equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $146.08.

Canadian National Railway Company 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.