Cerity Partners LLC Sells 5,116 Shares of Canadian National Railway (NYSE:CNI)

Cerity Partners LLC cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 118,329 shares of the transportation company’s stock after selling 5,116 shares during the period. Cerity Partners LLC’s holdings in Canadian National Railway were worth $12,247,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway during the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $30,000. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CNI shares. Citigroup lowered their price objective on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a research note on Tuesday. Bank of America reduced their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Jefferies Financial Group reduced their target price on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reduced their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.19.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $98.37 on Thursday. The firm has a fifty day moving average of $99.46 and a two-hundred day moving average of $105.17. The stock has a market capitalization of $61.82 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $132.27. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released 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 net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis 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 dividend payout ratio is currently 47.66%.

Canadian National Railway Company 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.