Neville Rodie & Shaw Inc. Sells 1,745 Shares of Canadian National Railway (NYSE:CNI)

Neville Rodie & Shaw Inc. reduced its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 22.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,150 shares of the transportation company’s stock after selling 1,745 shares during the period. 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 large investors also recently bought and sold shares of the business. GQG Partners LLC lifted its position in Canadian National Railway by 0.8% during the first quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock valued at $1,505,000 after acquiring an additional 93 shares during the last quarter. Choreo LLC increased its position in shares of Canadian National Railway by 1.5% during the first quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock worth $846,000 after purchasing an additional 97 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Canadian National Railway by 2.5% during the 1st 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 last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Canadian National Railway by 1.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after purchasing an additional 102 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Canadian National Railway by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the subject of a number of research analyst reports. Bank of America decreased their price target on 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. Barclays increased their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Wells Fargo & Company cut their price target 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, July 24th. Finally, Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $146.25 to $130.67 in a report on Monday, July 8th. Sixteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $132.76.

Canadian National Railway Stock Down 1.0 %

Shares of CNI opened at $115.95 on Thursday. The stock has a 50 day moving average price of $115.56 and a 200 day moving average price of $121.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. 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. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 EPS. Equities research analysts forecast that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a dividend of $0.614 per share. 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 is presently 39.08%.

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.