First Financial Bank Trust Division Reduces Position in Canadian National Railway (NYSE:CNI)

First Financial Bank Trust Division decreased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 17.7% in the 4th quarter, Holdings Channel reports. The firm owned 16,332 shares of the transportation company’s stock after selling 3,509 shares during the period. First Financial Bank Trust Division’s holdings in Canadian National Railway were worth $1,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Addison Advisors LLC increased its stake in Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares during the period. Fortitude Family Office LLC boosted its stake in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. Coastline Trust Co acquired a new stake in Canadian National Railway in the third quarter valued at $34,000. Reston Wealth Management LLC purchased a new position in Canadian National Railway during the 3rd quarter valued at about $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Susquehanna cut their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lowered their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $125.86.

Canadian National Railway Stock Performance

NYSE:CNI traded up $0.35 during trading hours on Thursday, reaching $101.86. 1,168,046 shares of the stock were exchanged, compared to its average volume of 1,138,075. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $64.08 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.43 and a beta of 0.89. The firm has a 50 day simple moving average of $107.46 and a 200-day simple moving average of $113.24.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a dividend of $0.6108 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.40%. Canadian National Railway’s dividend payout ratio is currently 38.14%.

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.