Canadian National Railway (NYSE:CNI) is Foresight Global Investors Inc.’s 4th Largest Position

Foresight Global Investors Inc. reduced its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 160,563 shares of the transportation company’s stock after selling 6,650 shares during the period. Canadian National Railway comprises 11.9% of Foresight Global Investors Inc.’s holdings, making the stock its 4th biggest position. Foresight Global Investors Inc.’s holdings in Canadian National Railway were worth $16,299,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CNI. Natixis Advisors LLC boosted its position in shares of Canadian National Railway by 6.5% in the third quarter. Natixis Advisors LLC now owns 214,182 shares of the transportation company’s stock worth $25,091,000 after purchasing an additional 13,149 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of Canadian National Railway by 5.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock valued at $363,000 after buying an additional 152 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Canadian National Railway by 103.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,427 shares of the transportation company’s stock valued at $284,000 after buying an additional 1,234 shares in the last quarter. Commerce Bank boosted its holdings in Canadian National Railway by 8.9% in the 3rd quarter. Commerce Bank now owns 5,278 shares of the transportation company’s stock worth $618,000 after buying an additional 431 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Down 0.7 %

Shares of NYSE:CNI opened at $97.50 on Wednesday. The company has a market cap of $61.27 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $134.02. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $101.53 and a 200 day moving average price of $107.56.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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 net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Royal Bank of Canada lowered their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, Susquehanna cut their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

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.