Permian Investment Partners LP Holding in Sherwin Williams Co (SHW) Trimmed as Shares Rose; Jones Collombin Investment Counsel Lowered Its Stake in Canadian Natl Ry Co (CNI) by $326,770 as Share Value Rose

February 19, 2018 - By Louis Casey

Jones Collombin Investment Counsel Inc decreased its stake in Canadian Natl Ry Co (CNI) by 4.69% based on its latest 2017Q3 regulatory filing with the SEC. Jones Collombin Investment Counsel Inc sold 3,985 shares as the company’s stock rose 4.48% with the market. The institutional investor held 81,020 shares of the railroads company at the end of 2017Q3, valued at $6.72M, down from 85,005 at the end of the previous reported quarter. Jones Collombin Investment Counsel Inc who had been investing in Canadian Natl Ry Co for a number of months, seems to be less bullish one the $55.97 billion market cap company. The stock decreased 0.88% or $0.68 during the last trading session, reaching $76.18. About 2.51M shares traded or 94.82% up from the average. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since February 19, 2017 and is uptrending. It has outperformed by 13.33% the S&P500.

Permian Investment Partners Lp decreased its stake in Sherwin Williams Co (SHW) by 78.42% based on its latest 2017Q3 regulatory filing with the SEC. Permian Investment Partners Lp sold 184,647 shares as the company’s stock rose 6.75% with the market. The institutional investor held 50,813 shares of the building materials company at the end of 2017Q3, valued at $18.19M, down from 235,460 at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Sherwin Williams Co for a number of months, seems to be less bullish one the $37.62 billion market cap company. The stock increased 0.30% or $1.21 during the last trading session, reaching $402.3. About 765,832 shares traded or 29.77% up from the average. The Sherwin-Williams Company (NYSE:SHW) has risen 15.27% since February 19, 2017 and is uptrending. It has underperformed by 1.43% the S&P500.

Among 27 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 2 Sell and 15 Hold. Therefore 37% are positive. Canadian National Railway had 67 analyst reports since July 21, 2015 according to SRatingsIntel. Seaport Global initiated Canadian National Railway Company (NYSE:CNI) rating on Friday, October 28. Seaport Global has “Neutral” rating and $64 target. The firm has “Outperform” rating given on Tuesday, April 26 by Cowen & Co. TD Securities upgraded the shares of CNI in report on Tuesday, September 8 to “Buy” rating. On Friday, February 16 the stock rating was downgraded by Argus Research to “Hold”. The company was maintained on Tuesday, January 23 by Susquehanna. The company was maintained on Thursday, July 13 by Credit Suisse. Citigroup maintained it with “Neutral” rating and $62 target in Wednesday, April 6 report. The stock of Canadian National Railway Company (NYSE:CNI) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 25. The firm has “Neutral” rating by Credit Suisse given on Tuesday, April 26. Loop Capital initiated the stock with “Hold” rating in Tuesday, September 27 report.

Jones Collombin Investment Counsel Inc, which manages about $293.64M US Long portfolio, upped its stake in Bank N S Halifax (NYSE:BNS) by 91,870 shares to 110,180 shares, valued at $7.09M in 2017Q3, according to the filing.

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