Metis Global Partners LLC Lowers Position in Canadian National Railway (NYSE:CNI)

Metis Global Partners LLC trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,344 shares of the transportation company’s stock after selling 209 shares during the quarter. Metis Global Partners LLC’s holdings in Canadian National Railway were worth $2,066,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Coastline Trust Co acquired a new stake in Canadian National Railway during the third quarter valued at $34,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC grew its position in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the period. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Canadian National Railway in the 3rd quarter valued at about $56,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 1.6 %

CNI opened at $101.38 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company’s 50 day simple moving average is $102.53 and its two-hundred day simple moving average is $109.04. The firm has a market capitalization of $63.69 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.43%. Canadian National Railway’s payout ratio is presently 47.66%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 10th. Wells Fargo & Company dropped their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna decreased their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.19.

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.