Neville Rodie & Shaw Inc. Lowers Stock Holdings in Canadian National Railway (NYSE:CNI)

Neville Rodie & Shaw Inc. lessened its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 22.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,150 shares of the transportation company’s stock after selling 1,745 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Canadian National Railway were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth about $26,000. Addison Advisors LLC boosted its position in 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 buying an additional 148 shares during the period. GAMMA Investing LLC grew its stake in shares of Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Canadian National Railway during the second quarter worth $34,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Canadian National Railway during the first quarter worth $64,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $115.95 on Thursday. The firm’s fifty day simple moving average is $115.56 and its 200-day simple moving average is $121.48. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The stock has a market capitalization of $73.02 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 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 23.58%. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the company posted $1.31 earnings per share. Canadian National Railway’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts forecast that Canadian National Railway will post 5.58 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.614 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.46 annualized dividend and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.08%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CNI. Susquehanna cut their price target on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Evercore ISI reduced their target price on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a report on Wednesday, September 25th. Bank of America decreased their price target on shares of Canadian National Railway from $132.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Stifel Nicolaus dropped their price objective on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays lifted their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Sixteen analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $132.76.

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.