Atria Wealth Solutions Inc. Sells 2,967 Shares of Canadian National Railway Company (NYSE:CNI)

Atria Wealth Solutions Inc. cut its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 36.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,180 shares of the transportation company’s stock after selling 2,967 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Canadian National Railway were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Shell Asset Management Co. lifted its stake in Canadian National Railway by 0.5% in the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock valued at $2,171,000 after acquiring an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 106 shares during the last quarter. Heartland Advisors Inc. lifted its stake in Canadian National Railway by 0.9% in the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 108 shares during the last quarter. Voya Investment Management LLC lifted its stake in Canadian National Railway by 1.4% in the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock valued at $807,000 after acquiring an additional 112 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in Canadian National Railway by 2.1% in the first quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company’s stock valued at $527,000 after acquiring an additional 112 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CNI. Wall Street Zen upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Stephens lifted their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Evercore ISI cut shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective for the company. in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reduced their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus target price of $118.36.

Canadian National Railway Price Performance

NYSE:CNI opened at $93.92 on Thursday. The stock has a market cap of $58.84 billion, a P/E ratio of 18.06, a PEG ratio of 2.09 and a beta of 0.94. Canadian National Railway Company has a one year low of $91.65 and a one year high of $121.12. The company has a fifty day moving average price of $100.61 and a 200 day moving average price of $100.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 earnings per share. Analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be issued a $0.6507 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, September 8th. This represents a $2.60 annualized dividend and a yield of 2.8%. Canadian National Railway’s payout ratio is presently 50.19%.

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.