Crewe Advisors LLC Takes $250,000 Position in Canadian National Railway (NYSE:CNI)

Crewe Advisors LLC acquired a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 1,900 shares of the transportation company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNI. Bfsg LLC boosted its position in shares of Canadian National Railway by 110.5% during the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares during the last quarter. Keener Financial Planning LLC purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $46,000. Rational Advisors LLC purchased a new position in shares of Canadian National Railway during the first quarter valued at approximately $49,000. Finally, Knuff & Co LLC purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $50,000. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com cut Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Susquehanna cut their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Eighteen investment 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 company’s stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average price target of $146.08.

Canadian National Railway Stock 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 company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The firm has a market capitalization of $71.73 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.28 and a beta of 0.89. The firm’s fifty day moving average price is $121.52 and its two-hundred day moving average price is $125.55.

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

Canadian National Railway Cuts Dividend

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

About Canadian National Railway

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.