Private Capital Advisors Inc. Decreases Stake in Canadian National Railway Company $CNI

Private Capital Advisors Inc. reduced its stake in Canadian National Railway Company (NYSE:CNIFree Report) (TSE:CNR) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,078 shares of the transportation company’s stock after selling 4,455 shares during the period. Private Capital Advisors Inc.’s holdings in Canadian National Railway were worth $3,171,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. High Point Wealth Management LLC purchased a new position in Canadian National Railway in the 4th quarter worth approximately $27,000. Hollencrest Capital Management purchased a new position in Canadian National Railway in the 3rd quarter worth approximately $28,000. Costello Asset Management INC increased its stake in Canadian National Railway by 83.3% in the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after purchasing an additional 150 shares during the period. Leonteq Securities AG purchased a new position in Canadian National Railway in the 4th quarter worth approximately $39,000. Finally, Fulcrum Asset Management LLP purchased a new position in Canadian National Railway in the 3rd quarter worth approximately $51,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 0.1%

NYSE CNI opened at $114.24 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $115.80. The firm has a market capitalization of $69.43 billion, a PE ratio of 20.77, a P/E/G ratio of 2.19 and a beta of 0.95. The stock’s 50 day moving average is $108.20 and its 200 day moving average is $103.03.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Research analysts forecast that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.2%. Canadian National Railway’s payout ratio is currently 48.55%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore reduced their target price on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research note on Monday, February 2nd. Sanford C. Bernstein boosted their target price on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Finally, Barclays boosted their target price on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $122.04.

View Our Latest Stock Analysis on CNI

About Canadian National Railway

(Free Report)

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

See Also

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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