Peapack Gladstone Financial Corp Sells 200 Shares of Canadian National Railway (NYSE:CNI)

Peapack Gladstone Financial Corp lessened its holdings in shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,439 shares of the transportation company’s stock after selling 200 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Canadian National Railway were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alberta Investment Management Corp raised its stake in Canadian National Railway by 4.3% in the 4th quarter. Alberta Investment Management Corp now owns 1,548,412 shares of the transportation company’s stock valued at $195,577,000 after acquiring an additional 63,287 shares during the period. Scotia Capital Inc. raised its position in shares of Canadian National Railway by 1.3% in the fourth quarter. Scotia Capital Inc. now owns 2,445,262 shares of the transportation company’s stock valued at $306,643,000 after purchasing an additional 30,624 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Canadian National Railway by 20.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,546 shares of the transportation company’s stock worth $320,000 after buying an additional 437 shares during the last quarter. Gold Investment Management Ltd. bought a new stake in shares of Canadian National Railway during the 4th quarter worth about $6,429,000. Finally, Evoke Wealth LLC grew its stake in Canadian National Railway by 2.7% in the 4th quarter. Evoke Wealth LLC now owns 6,220 shares of the transportation company’s stock valued at $781,000 after buying an additional 162 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNI. StockNews.com downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Stephens reiterated an “equal weight” rating and set a $140.00 price objective on shares of Canadian National Railway in a research report on Wednesday, April 24th. Barclays boosted their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus raised their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Eighteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of $149.05.

Check Out Our Latest Research Report on CNI

Canadian National Railway Trading Up 0.5 %

Shares of CNI opened at $126.65 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The firm has a market cap of $80.64 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.21 and a beta of 0.90. The business’s fifty day moving average is $126.89 and its 200-day moving average is $125.70.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Equities analysts anticipate that Canadian National Railway will post 5.9 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s payout ratio is 39.71%.

Canadian National Railway Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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