Rockefeller Capital Management L.P. Sells 5,470 Shares of Canadian National Railway (NYSE:CNI)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 142,367 shares of the transportation company’s stock after selling 5,470 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Canadian National Railway were worth $16,680,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Grove Bank & Trust increased its stake in Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after purchasing an additional 97 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Canadian National Railway by 2.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock worth $547,000 after purchasing an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Canadian National Railway by 1.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after purchasing an additional 102 shares in the last quarter. Blue Trust Inc. increased its stake in Canadian National Railway by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after purchasing an additional 105 shares in the last quarter. Finally, Doheny Asset Management CA increased its stake in Canadian National Railway by 3.8% during the 2nd quarter. Doheny Asset Management CA now owns 3,000 shares of the transportation company’s stock worth $354,000 after purchasing an additional 110 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CNI shares. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Susquehanna decreased their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Barclays raised their price target on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target for the company in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $125.86.

Canadian National Railway Trading Up 0.4 %

Shares of Canadian National Railway stock opened at $111.69 on Monday. The business has a fifty day simple moving average of $112.39 and a two-hundred day simple moving average of $116.57. Canadian National Railway has a 1 year low of $105.28 and a 1 year high of $134.02. The company has a market capitalization of $70.34 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is 39.90%.

About Canadian National Railway

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.