Canadian National Railway (NYSE:CNI) Position Reduced by Signaturefd LLC

Signaturefd LLC trimmed its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,312 shares of the transportation company’s stock after selling 1,792 shares during the quarter. Signaturefd LLC’s holdings in Canadian National Railway were worth $945,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Canadian National Railway by 4.4% during the 3rd 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 last quarter. National Bank of Canada FI lifted its position 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 during the last quarter. Fiera Capital Corp lifted its position in shares of Canadian National Railway by 2.6% in the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock worth $570,550,000 after buying an additional 142,070 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after buying an additional 571,967 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Canadian National Railway by 5.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after buying an additional 202,303 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CNI. Bank of America reduced their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Stifel Nicolaus lifted their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Susquehanna decreased their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Trading Down 0.7 %

Shares of CNI stock opened at $97.50 on Wednesday. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $134.02. The firm’s fifty day simple moving average is $101.53 and its 200 day simple moving average is $107.56. The firm has a market capitalization of $61.27 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 47.66%.

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.