Keystone Investors PTE Ltd. Cuts Stock Holdings in Canadian National Railway (NYSE:CNI)

Keystone Investors PTE Ltd. lessened its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,138 shares of the transportation company’s stock after selling 3,549 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Canadian National Railway were worth $3,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CNI. XTX Topco Ltd increased its holdings in Canadian National Railway by 43.3% in the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after acquiring an additional 4,698 shares during the last quarter. Unigestion Holding SA raised its position in shares of Canadian National Railway by 363.6% in the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after purchasing an additional 120,687 shares during the period. Partners Group Holding AG raised its position in shares of Canadian National Railway by 16.3% in the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock valued at $47,571,000 after purchasing an additional 56,849 shares during the period. Synovus Financial Corp lifted its stake in shares of Canadian National Railway by 82.3% during the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock valued at $1,625,000 after buying an additional 6,261 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC purchased a new position in Canadian National Railway in the 4th quarter valued at approximately $436,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

NYSE:CNI opened at $98.73 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $132.73. The stock has a market cap of $62.04 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The firm’s fifty day simple moving average is $101.24 and its 200 day simple moving average is $106.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. As a group, research analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.50%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is currently 47.66%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered 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 report on Monday, January 13th. Barclays decreased their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada reduced their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.19.

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.