Mountain Pacific Investment Advisers LLC Reduces Stock Position in Canadian National Railway (NYSE:CNI)

Mountain Pacific Investment Advisers LLC reduced its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,250 shares of the transportation company’s stock after selling 600 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Canadian National Railway were worth $512,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC boosted its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock worth $34,000 after purchasing an additional 106 shares during the period. Finally, CX Institutional purchased a new stake in shares of Canadian National Railway during the first quarter worth about $39,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 0.9%

NYSE:CNI opened at $104.74 on Tuesday. The company’s 50 day moving average price is $102.17 and its 200-day moving average price is $101.77. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $123.96. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.95 and a beta of 0.98.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.8875 per share. This is a boost from Canadian National Railway’s previous dividend of $0.29. The ex-dividend date is Monday, June 9th. This represents a dividend yield of 2.47%. Canadian National Railway’s dividend payout ratio is presently 50.49%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CNI shares. Evercore ISI decreased their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Jefferies Financial Group decreased their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Raymond James downgraded shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $163.00 price target on shares of Canadian National Railway in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

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.