Sustainable Insight Capital Management LLC reduced its position in shares of Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) by 33.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,000 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Canadian National Railway were worth $989,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. raised its holdings in Canadian National Railway by 10.1% during the 4th quarter. Logan Capital Management Inc. now owns 39,635 shares of the transportation company’s stock worth $3,918,000 after purchasing an additional 3,648 shares during the last quarter. Burkett Asset Management Ltd bought a new stake in Canadian National Railway during the 4th quarter worth about $5,543,000. Xponance LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth about $234,000. UniSuper Management Pty Ltd grew its position in shares of Canadian National Railway by 14.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 10,400 shares of the transportation company’s stock worth $1,028,000 after buying an additional 1,300 shares during the period. Finally, Keel Point LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth about $211,000. 80.74% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
CNI has been the subject of several analyst reports. Sanford C. Bernstein boosted their target price on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Barclays boosted their target price on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Citigroup boosted their target price on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada boosted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $122.04.
Canadian National Railway Price Performance
Shares of CNI opened at $118.30 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a 50 day simple moving average of $113.01 and a 200 day simple moving average of $105.44. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $122.48. The firm has a market capitalization of $71.77 billion, a PE ratio of 21.51, a P/E/G ratio of 2.28 and a beta of 0.96.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) 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 business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the firm earned $1.85 EPS. Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.
Canadian National Railway Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.1%. Canadian National Railway’s payout ratio is currently 48.55%.
About Canadian National Railway
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.
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