Canadian National Railway (NYSE:CNI) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,946 shares of the transportation company’s stock after selling 212 shares during the quarter. Vontobel Holding Ltd.’s holdings in Canadian National Railway were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of Canadian National Railway in the fourth quarter worth about $727,713,000. Artisan Partners Limited Partnership acquired a new position in Canadian National Railway in the third quarter valued at approximately $273,243,000. Arrowstreet Capital Limited Partnership boosted its position in Canadian National Railway by 25,348.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,650,355 shares of the transportation company’s stock worth $194,698,000 after purchasing an additional 1,643,870 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $137,546,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Canadian National Railway by 166.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,772,695 shares of the transportation company’s stock worth $199,375,000 after purchasing an additional 1,108,104 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on CNI shares. Susquehanna Bancshares increased their price target on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Citigroup lifted their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Finally, Wells Fargo & Company boosted their price objective on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Eighteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $147.52.

Canadian National Railway Stock Up 0.1 %

CNI stock opened at $127.16 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average of $129.72 and a two-hundred day moving average of $121.52. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a market cap of $81.22 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.21 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. As a group, analysts forecast that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.638 per share. This represents a $2.55 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Wednesday, March 6th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s payout ratio is currently 39.59%.

Canadian National Railway Company 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.