Crossmark Global Holdings Inc. Sells 8,361 Shares of Canadian National Railway Company $CNI

Crossmark Global Holdings Inc. decreased its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.8% during the third quarter, Holdings Channel.com reports. The firm owned 113,837 shares of the transportation company’s stock after selling 8,361 shares during the period. Crossmark Global Holdings Inc.’s holdings in Canadian National Railway were worth $13,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Guardian Partners Inc. grew its position in Canadian National Railway by 1.4% during the third quarter. Guardian Partners Inc. now owns 237,313 shares of the transportation company’s stock valued at $28,315,000 after buying an additional 3,234 shares during the period. Diversify Advisory Services LLC increased its holdings in Canadian National Railway by 38.3% in the third quarter. Diversify Advisory Services LLC now owns 2,632 shares of the transportation company’s stock valued at $318,000 after buying an additional 729 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Canadian National Railway by 1.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,968 shares of the transportation company’s stock valued at $1,185,000 after buying an additional 120 shares in the last quarter. Cordatus Wealth Management LLC raised its position in shares of Canadian National Railway by 1.8% in the third quarter. Cordatus Wealth Management LLC now owns 7,900 shares of the transportation company’s stock worth $939,000 after acquiring an additional 143 shares during the period. Finally, Gold Investment Management Ltd. raised its position in shares of Canadian National Railway by 1.0% in the third quarter. Gold Investment Management Ltd. now owns 57,181 shares of the transportation company’s stock worth $6,806,000 after acquiring an additional 552 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Up 2.4%

Shares of NYSE CNI opened at $124.92 on Friday. The company’s 50-day simple moving average is $121.99 and its 200-day simple moving average is $119.66. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $131.55. The firm has a market cap of $75.27 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.19 and a beta of 0.96. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company earned $1.87 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts predict that Canadian National Railway Company will post 5.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CNI shares. Royal Bank Of Canada increased their target price on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Citigroup dropped their target price on Canadian National Railway from $151.00 to $143.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial cut Canadian National Railway from a “moderate buy” rating to a “hold” rating in a report on Monday. Evercore raised Canadian National Railway from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $108.00 to $124.00 in a report on Thursday, June 25th. Finally, Wells Fargo & Company increased their price target on Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $137.49.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.