Skandinaviska Enskilda Banken AB publ Trims Position in Canadian National Railway (NYSE:CNI)

Skandinaviska Enskilda Banken AB publ lessened its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.9% in the fourth quarter, Holdings Channel reports. The fund owned 76,995 shares of the transportation company’s stock after selling 4,855 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Canadian National Railway were worth $7,760,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the fourth quarter worth about $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway in the fourth quarter worth about $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Coastline Trust Co purchased a new stake in Canadian National Railway in the third quarter worth about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Barclays dropped their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company dropped their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Price Performance

NYSE:CNI opened at $97.70 on Friday. The firm has a market capitalization of $61.40 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $134.02. The business has a 50 day simple moving average of $101.77 and a 200-day simple moving average of $107.90. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.52%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.66%.

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.