RS Crum Inc. Sells 215 Shares of Canadian National Railway (NYSE:CNI)

RS Crum Inc. decreased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.7% in the third quarter, HoldingsChannel reports. The institutional investor 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Canadian National Railway in the second quarter valued at $26,000. Addison Advisors LLC boosted its stake in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth about $34,000. Finally, ORG Partners LLC bought a new position in Canadian National Railway during the 2nd quarter valued at about $34,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CNI shares. Stephens restated an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. The Goldman Sachs Group decreased their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a report on Wednesday, October 9th. Susquehanna cut their price target 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. Bank of America lowered shares of Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Finally, Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $125.48.

Canadian National Railway Stock Performance

NYSE CNI opened at $109.66 on Wednesday. The firm’s fifty day moving average price is $112.77 and its two-hundred day moving average price is $116.88. Canadian National Railway has a 1 year low of $105.28 and a 1 year high of $134.02. The firm has a market capitalization of $69.06 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.53 and a beta of 0.89. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.

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

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.23%. Canadian National Railway’s dividend payout ratio is currently 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.