Canadian National Railway (NYSE:CNI) Holdings Decreased by Hall Laurie J Trustee

Hall Laurie J Trustee lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 36.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,262 shares of the transportation company’s stock after selling 8,345 shares during the quarter. Hall Laurie J Trustee’s holdings in Canadian National Railway were worth $1,448,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after acquiring an additional 790,420 shares during the period. 1832 Asset Management L.P. boosted its stake in Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after purchasing an additional 674,536 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after buying an additional 2,137,948 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after buying an additional 39,063 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Canadian National Railway by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock valued at $570,667,000 after buying an additional 120,453 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

CNI has been the topic of several research reports. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Barclays reduced their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday. Susquehanna dropped their price target on 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, Bank of America decreased 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Stock Down 0.4 %

Canadian National Railway stock opened at $101.54 on Monday. The firm’s 50 day moving average price is $105.44 and its two-hundred day moving average price is $111.87. The firm has a market cap of $63.85 billion, a PE ratio of 16.27, a P/E/G ratio of 2.21 and a beta of 0.91. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts predict that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm 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. This represents a $2.44 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s payout ratio is presently 38.30%.

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.